Franklin Township Soccer Club Inc

Analysis

Franklin Township Soccer Club Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Franklin Township Soccer Club Inc reported income of $209k and spending of $212k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $252k to $209k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Franklin Township Soccer Club Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Askinosie Foundation ($209k), Mississippi Ffa Foundation ($209k) and Claremont After-School Programs Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.