Toms River American Soccer Club Inc T a Toms River Soccer Association

Analysis

Toms River American Soccer Club Inc T a Toms River Soccer Association is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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 August 2023, Toms River American Soccer Club Inc T a Toms River Soccer Association reported income of $539k and spending of $499k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $279k to $539k (+93%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 87%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toms River American Soccer Club Inc T a Toms River Soccer Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Ben Curtis Family Foundation ($539k), Old Newsboys of Flint ($539k) and State Government Affairs Council Foundation ($539k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $479k against liabilities of $395k, net assets of $84k. It reported 2 employees.