Bridgewater Soccer Association Inc

Analysis

Bridgewater Soccer Association Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in July 1996, 30 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 June 2023, Bridgewater Soccer Association Inc reported income of $161k and spending of $120k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $96k to $161k (+67%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 150%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bridgewater Soccer Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include USA Volleyball Foundation ($161k), Folsom Athletic Association Inc ($161k) and Gray-Charles Recreation Council ($161k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 84% of the total. At year end it held assets of $309k against liabilities of $0, net assets of $309k.