East Islip Soccer Club

Analysis

East Islip Soccer Club is a registered charity in United States, based in East Islip, NY. It received its IRS tax-exemption ruling in October 1979, 47 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 November 2023, East Islip Soccer Club reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $568k to $1.1m (+94%), an average of +18% a year. The sharpest change came in the year to November 2021, when income rose by 68%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Islip Soccer Club sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include United Way of Central Washington ($1.1m), Healing Strides of Va ($1.1m) and Russell Hospital Foundation Inc Fka Medical Park Foundation ($1.1m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. At year end it held assets of $157k against liabilities of $62k, net assets of $95k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.