Parsippany Soccer Club Inc

Analysis

Parsippany Soccer Club Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in July 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 May 2023, Parsippany Soccer Club Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.2m to $1.2m (-3.1%), an average of -0.8% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parsippany Soccer Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Riding Emphasizing Individual Needs and Strengths ($1.2m), Dubuque Symphony Orchestra ($1.2m) and Law Enforcement & Emergency Services Video Association ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. At year end it held assets of $1.3m against liabilities of $349k, net assets of $992k.