Cape Express Soccer Club

Analysis

Cape Express Soccer Club is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in August 2014, 12 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, Cape Express Soccer Club reported income of $568k and spending of $516k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $496k to $568k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 475%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Express Soccer Club sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Ellis Short Sands Park Trust ($567k), Premier Soccer San Antonio ($568k) and Havasu Balloon Festival and Fair Inc ($567k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. At year end it held assets of $1.2m against liabilities of $17k, net assets of $1.1m.