Stonington Soccer Club Inc

Analysis

Stonington Soccer Club Inc is a registered charity in United States, based in Pawcatuck, CT. It received its IRS tax-exemption ruling in May 1995, 31 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, Stonington Soccer Club Inc reported income of $82k and spending of $72k, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $38k to $82k (+116%), an average of +21% a year. The sharpest change came in the year to August 2022, when income rose by 187%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stonington Soccer Club Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Steamboat Girls Lacrosse ($82k), Heading for Home Foundation Inc ($82k) and Jonathan Jones Next Step Foundation Inc ($82k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.