Lake Wales Soccer Club Inc

Analysis

Lake Wales Soccer Club Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in May 2006, 20 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 December 2023, Lake Wales Soccer Club Inc reported income of $109k and spending of $86k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $109k (+9.3%), an average of +9.3% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Wales Soccer Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Carl Junction Athletic Booster Club ($109k), Kelly & Co Equine Sanctuary ($109k) and Glastonbury Amateur Baseball Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.