Albertson Soccer Club Inc

Analysis

Albertson Soccer Club Inc is a registered charity in United States, based in East Hills, NY. It received its IRS tax-exemption ruling in February 1985, 41 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 2022, Albertson Soccer Club Inc reported income of $336k and spending of $486k, spending 144% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $508k to $336k (-34%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albertson Soccer Club Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Bonita Inc ($336k), Marucci Elite Corpus Christi ($336k) and Community Radio Inc ($336k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 93% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.

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.