Palmer Soccer Club

Analysis

Palmer Soccer Club is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in May 2016, 10 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, Palmer Soccer Club reported income of $105k and spending of $102k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $105k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palmer Soccer Club sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within AK. Charities of a similar size with the same main cause include Chicago Glider Club ($105k), North Hills Athletic Association ($105k) and Lakeside Swim Club Corp ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.