Sherman Oaks Extreme Soccer Club Corp

Analysis

Sherman Oaks Extreme Soccer Club Corp is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Sherman Oaks Extreme Soccer Club Corp reported income of $72k and spending of $72k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $277k to $72k (-74%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 207%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sherman Oaks Extreme Soccer Club Corp sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include B&b United Soccer Club ($72k), Northshore Youth Club ($72k) and Manchester As Baseball Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,998 against liabilities of $3,998, net assets of $0.