Lackawanna Yemen Soccer Club Inc

Analysis

Lackawanna Yemen Soccer Club Inc is a registered charity in United States, based in Lackawanna, NY. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Lackawanna Yemen Soccer Club Inc reported income of $52k and spending of $25k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $52k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lackawanna Yemen Soccer Club Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Potter Volunteer Fire Departmentinc ($51k), Dewey Recreation Association Inc ($52k) and Franklin County High School Baseball Club ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.