Soaring Capital Soccer Club Inc

Analysis

Soaring Capital Soccer Club Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Soaring Capital Soccer Club Inc reported income of $194k and spending of $147k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $194k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soaring Capital Soccer Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Chico Youth Soccer League ($194k), Bandits Ice Hockey Association Inc ($194k) and North Stonington Agricultural Fair Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Other salaries and wages came to $10k. At year end it held assets of $197k against liabilities of $0, net assets of $197k. It reported 2 employees.