Lexington County Soccer Club

Analysis

Lexington County Soccer Club is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in March 2008, 18 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, Lexington County Soccer Club reported income of $699k and spending of $590k, spending 84% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $587k to $699k (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lexington County Soccer Club sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Grand Junction Baseball Committee Inc ($699k), Newton Trails Inc ($699k) and Caseys Clubhouse ($698k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. At year end it held assets of $860k against liabilities of $6,173, net assets of $854k.