Lexington United Soccer Club Inc

Analysis

Lexington United Soccer Club Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in January 2005, 21 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 February 2024, Lexington United Soccer Club Inc reported income of $933k and spending of $891k, spending 95% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $702k to $933k (+33%), an average of +7.4% a year. The sharpest change came in the year to February 2022, when income rose by 144%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lexington United Soccer Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Pacific Island Beach Boys ($932k), Rose City Rollers ($933k) and Charles County Fair Inc ($931k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $234k. At year end it held assets of $516k against liabilities of $270k, net assets of $246k. It reported 4 employees.