Plainedge Soccer Club Ltd

Analysis

Plainedge Soccer Club Ltd is a registered charity in United States, based in N Massapequa, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Plainedge Soccer Club Ltd reported income of $645k and spending of $718k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $331k to $645k (+95%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Plainedge Soccer Club Ltd sits at the 88th percentile: it is larger than about 88% 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 Titus County Fair Association Inc ($644k), Ace Athletics Youth Soccer Academy ($645k) and Western Hills Municipal Golf Course Inc ($644k).

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 $90k against liabilities of $0, net assets of $90k.