Madison Soccer Club Inc

Analysis

Madison Soccer Club Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in November 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 May 2024, Madison Soccer Club Inc reported income of $522k and spending of $518k, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $252k to $522k (+107%), an average of +20% a year. The sharpest change came in the year to May 2021, when income rose by 86%. 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, Madison Soccer Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Goodview Winona Area Hockey Association ($522k), Niagara Amateur Hockey League Inc ($522k) and Miracle League of Columbia at Maury County Park ($521k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $285k against liabilities of $0, net assets of $285k.