Club Soccer Inc

Analysis

Club Soccer Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2005, 21 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 June 2023, Club Soccer Inc reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $4.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Club Soccer Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Fort Bend County Fair Association ($4.2m), Share Winter Foundation ($4.2m) and FC Boulder ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $36k (0.9% of expenses). At year end it held assets of $445k against liabilities of $0, net assets of $445k.