Rhinebeck Soccer League Inc

Analysis

Rhinebeck Soccer League Inc is a registered charity in United States, based in Rhinebeck, NY. It received its IRS tax-exemption ruling in August 2013, 13 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 2024, Rhinebeck Soccer League Inc reported income of $79k and spending of $84k, spending 106% of what it took in. Across the 3 years on record, from May 2022 to June 2024, income fell from $302k to $79k (-74%), an average of -49% a year. The sharpest change came in the year to May 2023, when income dropped by 75%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rhinebeck Soccer League Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Asheville Hockey League ($79k), Warriors Basketball Association Inc ($79k) and Cooper Landing Community Club Inc ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. At year end it held assets of $79k against liabilities of $52k, net assets of $27k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.