Ocean Township United Soccer Association Inc

Analysis

Ocean Township United Soccer Association Inc is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in April 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 June 2023, Ocean Township United Soccer Association Inc reported income of $470k and spending of $472k, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $233k to $470k (+101%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ocean Township United Soccer Association Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Friends of the Gunpowder Falls State Park Graham Area ($470k), Berkeley County Youth Fair Inc ($470k) and Together for Wichita Foundation ($469k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.