Farmingdale Soccer Club Inc

Analysis

Farmingdale Soccer Club Inc is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in October 2003, 23 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 September 2023, Farmingdale Soccer Club Inc reported income of $244k and spending of $251k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $163k to $244k (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Farmingdale Soccer Club Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Friends of the Addison Youth Center Inc ($244k), Virginia Beach 4-H Livestock Inc ($244k) and Hidden Jewels ($244k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $50k. At year end it held assets of $203k against liabilities of $42k, net assets of $161k. It reported 21 employees.