Blast Soccer Club Inc

Analysis

Blast Soccer Club Inc is a registered charity in United States, based in Montrose, AL. It received its IRS tax-exemption ruling in April 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 July 2024, Blast Soccer Club Inc reported income of $598k and spending of $540k, spending 90% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $380k to $598k (+57%), an average of +9.5% a year. The sharpest change came in the year to July 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blast Soccer Club Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include 2nd & 7 Foundation ($598k), Joy of the People Foundation ($599k) and Nova 94 Feet Inc ($598k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). At year end it held assets of $200k against liabilities of $0, net assets of $200k. It reported 1 employees.