Manhasset Soccer Club Inc

Analysis

Manhasset Soccer Club Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Manhasset Soccer Club Inc reported income of $570k and spending of $487k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $570k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Manhasset Soccer Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include St Paul Capitals Hockey Association ($570k), Lincoln Ice Hockey Association ($570k) and Wesley Chapel Athletic Association Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.