Wyckoff Torpedoes Soccer Club

Analysis

Wyckoff Torpedoes Soccer Club is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in February 1996, 30 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 August 2024, Wyckoff Torpedoes Soccer Club reported income of $776k and spending of $699k, spending 90% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $409k to $776k (+90%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 34%. 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, Wyckoff Torpedoes Soccer Club sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include HGM Ice LLC ($775k), Danville Science Center Inc ($776k) and Youth Sports Foundation of Tuolumne County ($775k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $993k against liabilities of $340k, net assets of $653k.