Greece Cobra Soccer Club Inc

Analysis

Greece Cobra Soccer Club Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Greece Cobra Soccer Club Inc reported income of $200k and spending of $206k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $240k to $200k (-17%), an average of -4.4% a year. The sharpest change came in the year to September 2022, when income rose by 51%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greece Cobra 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 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Sooner Swim Club of Norman Oklahoma Inc ($200k), Southside Swarm Volleyball Club Inc ($200k) and Scranton Half Marathon ($200k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $464k against liabilities of $74k, net assets of $390k.

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.