Needham Soccer Club

Analysis

Needham Soccer Club is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in August 1984, 42 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 (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 2023, Needham Soccer Club reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Needham Soccer Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Pirates Charities ($1.8m), Friends of Hoyt Park ($1.8m) and Rbi Austin ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $147k. At year end it held assets of $1.7m against liabilities of $661k, net assets of $1.1m. It reported 2 employees.