Montgomery Soccer Inc

Analysis

Montgomery Soccer Inc is a registered charity in United States, based in Derwood, MD. It received its IRS tax-exemption ruling in January 1982, 44 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, Montgomery Soccer Inc reported income of $3.6m and spending of $4.5m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.6m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Montgomery Soccer Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include West Chester Soccer Club Inc ($3.6m), Beadling Soccer Club ($3.6m) and Special Olympics Hawaii Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $811k (18% of expenses). Other salaries and wages came to $623k. At year end it held assets of $18.2m against liabilities of $402k, net assets of $17.8m. It reported 18 employees.