Cornwall United Soccer Club Inc

Analysis

Cornwall United Soccer Club Inc is a registered charity in United States, based in Cornwall, NY. It received its IRS tax-exemption ruling in February 2014, 12 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 August 2023, Cornwall United Soccer Club Inc reported income of $197k and spending of $206k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $146k to $197k (+35%), an average of +7.7% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cornwall United Soccer Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Wylie Fastpitch Softball Association ($197k), Butler United Soccer Club Inc ($197k) and Attleboro Youth Soccer Inc ($197k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $201k against liabilities of $105k, net assets of $96k.