Chatham United Soccer Inc

Analysis

Chatham United Soccer Inc is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in August 1999, 27 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, Chatham United Soccer Inc reported income of $373k and spending of $329k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $581k to $373k (-36%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chatham United Soccer Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Rodeo de Santa Fe Inc ($373k), Girdwood Forest Fair ($373k) and Friends of Lakeshore State Park ($373k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $465k against liabilities of $0, net assets of $465k.