Homewood Soccer Club Inc

Analysis

Homewood Soccer Club Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2009, 17 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, Homewood Soccer Club Inc reported income of $798k and spending of $772k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $798k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 48%. 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, Homewood Soccer Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Catalyst Sports Inc ($797k), Mission Creek Camp & Retreat Center Inc ($798k) and Piedmont Swim Team ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $158k (20% of expenses). Other salaries and wages came to $273k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 2 employees.