Waterford Soccer Club Inc

Analysis

Waterford Soccer Club Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Waterford Soccer Club Inc reported income of $122k and spending of $131k, spending 107% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income grew from $119k to $122k (+2.7%), an average of +1.3% a year. The sharpest change came in the year to April 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waterford Soccer Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Whatcom Rowing Association ($122k), Beechwood Trails Pool and Park ($122k) and Indian River Lacrosse Association Inc ($122k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.