Mahomet-Seymour Soccer Club

Analysis

Mahomet-Seymour Soccer Club is a registered charity in United States, based in Mahomet, IL. It received its IRS tax-exemption ruling in March 2010, 16 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, Mahomet-Seymour Soccer Club reported income of $142k and spending of $96k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $142k (-2.3%), an average of -2.3% a year. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mahomet-Seymour Soccer Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Laguna Hills Soccer Club Eclipse ($142k), North Palm Beach Aquatic Foundation Inc ($142k) and Elmbrook Baseball Association Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $138k against liabilities of $6,519, net assets of $131k.