Lake Hills Soccer Club

Analysis

Lake Hills Soccer Club is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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 January 2024, Lake Hills Soccer Club reported income of $215k and spending of $270k, spending 126% of what it took in. Across the 5 years on record, from January 2019 to January 2024, income grew from $208k to $215k (+3.2%), an average of +0.8% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Hills Soccer Club sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Rcap Solutions Financial Servicesinc ($215k), Transformations by Austin Angels ($215k) and Adventist Homes Inc ($215k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Other salaries and wages came to $16k. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 3 employees.