Syosset Soccer Club Inc

Analysis

Syosset Soccer Club Inc is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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 June 2023, Syosset Soccer Club Inc reported income of $658k and spending of $909k, spending 138% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $675k to $658k (-2.5%), an average of -0.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syosset Soccer Club Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Parmly Lakeview Inc ($658k), Yankton Area Youth Soccer Association ($658k) and Home Counselors Inc ($658k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $198k against liabilities of $275k, net assets of -$77k.