Manhattan Soccer Club Inc

Analysis

Manhattan Soccer Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Manhattan Soccer Club Inc reported income of $5.4m and spending of $5.2m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.1m to $5.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to August 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Manhattan Soccer Club Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Hope Center Inc ($5.4m), Boys Club of Wake County Inc ($5.5m) and US Dream Academy Inc ($5.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $403k (7.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.6m against liabilities of $5.9m, net assets of $1.7m. It reported 67 employees.