Ocean State Soccer School

Analysis

Ocean State Soccer School is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in April 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ocean State Soccer School reported income of $446k and spending of $396k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $223k to $446k (+100%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean State Soccer School sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Blind Enterprises of Oregon ($446k), The Harwood Memorial Park Incorporated ($446k) and Marshall Township Volunteer Fire Department ($446k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 92% of the total. At year end it held assets of $763k against liabilities of $146k, net assets of $617k.