Lakelands Toros Soccer Club Inc

Analysis

Lakelands Toros Soccer Club Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in June 2004, 22 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 June 2023, Lakelands Toros Soccer Club Inc reported income of $168k and spending of $159k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $199k to $168k (-15%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakelands Toros Soccer Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Miguel Cabrera Foundation Inc ($168k), National Intercollegiate Running Club Association Inc ($168k) and Ankeny Basketball Club Inc ($168k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.