Hopewell Valley Soccer Association

Analysis

Hopewell Valley Soccer Association is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2023, Hopewell Valley Soccer Association reported income of $269k and spending of $258k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $269k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hopewell Valley Soccer Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include West Blount County Park Board ($269k), Monroe Township Youth Soccer League ($269k) and Houston Cougars Foundation Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. At year end it held assets of $511k against liabilities of $0, net assets of $511k.