Passaic County Youth Soccer Association Inc

Analysis

Passaic County Youth Soccer Association Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in February 1998, 28 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, Passaic County Youth Soccer Association Inc reported income of $338k and spending of $341k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $338k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 86%. 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, Passaic County Youth Soccer Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Redlands Swim Team Inc ($338k), Eugene Parks Foundation ($338k) and Texas Premier Soccer Club ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $6,750 (2.0% of expenses). At year end it held assets of $12k against liabilities of $50k, net assets of -$38k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.