Port Washington Soccer Club Inc

Analysis

Port Washington Soccer Club Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in October 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Port Washington Soccer Club Inc reported income of $821k and spending of $786k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $452k to $821k (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Port Washington Soccer Club Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Silos and Smokestacks National Heritage Area Inc ($821k), CT Young Gunz Dba CT Elite Basketba LL PRG ($821k) and Western Surfing Association ($821k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. At year end it held assets of $460k against liabilities of $245k, net assets of $215k.