Sport Friends Soccer Club

Analysis

Sport Friends Soccer Club is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in February 2014, 12 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 2024, Sport Friends Soccer Club reported income of $76k and spending of $75k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $152k to $76k (-50%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sport Friends Soccer Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Canandaigua Jr Baseball Inc ($76k), MJM Youth Performing Arts Center Inc ($76k) and Orange High School Athletic Booster Club Inc ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 62% of the total. At year end it held assets of $60k against liabilities of $72k, net assets of -$12k.