Scotch Plains - Fanwood Soccer Association

Analysis

Scotch Plains - Fanwood Soccer Association is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in April 2020, 6 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 2023, Scotch Plains - Fanwood Soccer Association reported income of $2.1m and spending of $1.2m, leaving 42% of income unspent that year. Across the 6 years on record, from July 2018 to July 2023, income grew from $713k to $2.1m (+198%), an average of +24% a year. The sharpest change came in the year to July 2023, when income rose by 64%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Scotch Plains - Fanwood Soccer Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Marthas Vineyard Agricultural Society ($2.1m), Hayden Synchronized Skating Teams Inc ($2.1m) and Peace Community Center ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.