Twin County Soccer Association

Analysis

Twin County Soccer Association is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in October 2000, 26 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 August 2023, Twin County Soccer Association reported income of $203k and spending of $192k, spending 94% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $206k to $203k (-1.5%), an average of -0.5% a year. The sharpest change came in the year to August 2022, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Twin County Soccer Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Kenai Peninsula Hockey Association Tier 2 Booster Club ($203k), Parkland Basketball Club Inc ($203k) and Pop Warner Little Scholars Inc ($203k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $4,038 (2.1% of expenses). Other salaries and wages came to $15k. At year end it held assets of $107k against liabilities of $0, net assets of $107k.