Hub Soccer of Denville Inc

Analysis

Hub Soccer of Denville Inc is a registered charity in United States, based in Denville, NJ. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Hub Soccer of Denville Inc reported income of $318k and spending of $371k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $318k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hub Soccer of Denville 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 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include National Air Sea and Space Foundation Inc ($318k), Bartlett Regional Hospital Foundation Inc ($318k) and Grand Island Regency Retirement ($318k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.