Sound Beach Soccer Club

Analysis

Sound Beach Soccer Club is a registered charity in United States, based in Shoreham, NY. It received its IRS tax-exemption ruling in April 2006, 20 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 November 2023, Sound Beach Soccer Club reported income of $133k and spending of $154k, spending 115% of what it took in. Across the 2 years on record, from November 2022 to November 2023, income grew from $125k to $133k (+6.3%), an average of +6.3% a year. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sound Beach Soccer Club sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Monroe County Tribe Association Inc ($133k), Columbus Soccer Organization ($133k) and Mad Dogs Flag Football of Palm Coast Inc ($133k).

On its Form 990-EZ for the period ending November 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.