Montclair United Soccer Club Inc

Analysis

Montclair United Soccer Club Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in May 1997, 29 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, Montclair United Soccer Club Inc reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $714k to $1.3m (+85%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Montclair United Soccer Club Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Edmond Soccer Club Inc ($1.3m), Essex County Parks Foundation a New Jersey Non-Profit Corporation ($1.3m) and Team Image Synchronized Skating Teams Ltd ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $1.6m against liabilities of $536k, net assets of $1.1m.