Franklin Wake Soccer Club

Analysis

Franklin Wake Soccer Club is a registered charity in United States, based in Youngsville, NC. It received its IRS tax-exemption ruling in January 2007, 19 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 July 2023, Franklin Wake Soccer Club reported income of $132k and spending of $136k, spending 103% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $117k to $132k (+13%), an average of +13% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin Wake Soccer Club sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Arizona College Football Officials Association ($132k), Hockey Club of the Carolinas ($132k) and Instruments 4 Life ($132k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $300k against liabilities of $91k, net assets of $208k.