Philadelphia Soccer Club of Northeast Philadelphia

Analysis

Philadelphia Soccer Club of Northeast Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 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 December 2023, Philadelphia Soccer Club of Northeast Philadelphia reported income of $321k and spending of $253k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $321k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Soccer Club of Northeast Philadelphia sits at the 78th percentile: it is larger than about 78% 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 Lancer Legacy Inc ($320k), Traverse Area Community Sailing ($321k) and Jersey County Fair Association ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $282k against liabilities of $118k, net assets of $164k.