King of Prussia Soccer Club

Analysis

King of Prussia Soccer Club is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, King of Prussia Soccer Club reported income of $328k and spending of $232k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $207k to $328k (+58%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, King of Prussia Soccer Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Camp Claire Inc ($328k), Crested Butte Development Team ($328k) and Cherokee Focus Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $249k against liabilities of $1,718, net assets of $247k.