Babylon Soccer Club Inc

Analysis

Babylon Soccer Club Inc is a registered charity in United States, based in Babylon, NY. It received its IRS tax-exemption ruling in April 1993, 33 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 January 2024, Babylon Soccer Club Inc reported income of $182k and spending of $204k, spending 112% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income grew from $153k to $182k (+19%), an average of +9.0% a year. The sharpest change came in the year to January 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Babylon Soccer Club Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Healthcare Hospitality Network ($182k), Journal Goodfellow Charities Inc ($182k) and New Rochelle-Campership Fund ($182k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.