Mt Olive Soccer Club Inc

Analysis

Mt Olive Soccer Club Inc is a registered charity in United States, based in Flanders, NJ. It received its IRS tax-exemption ruling in August 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mt Olive Soccer Club Inc reported income of $652k and spending of $631k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $613k to $652k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mt Olive Soccer Club Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Mountain Park Athletic Association Inc ($652k), Granite Curling Club of Seattlegr ($652k) and Sonoran Desert Aquatics ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $1.2m against liabilities of $970k, net assets of $226k.