New York Soccer Club of Westchester Inc

Analysis

New York Soccer Club of Westchester Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, New York Soccer Club of Westchester Inc reported income of $4.1m and spending of $4.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. 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, New York Soccer Club of Westchester Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Austin County Fair Association Inc ($4.1m), Whitefish Community Aquatics and Health Center ($4.1m) and Arenaco ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $274k (6.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $241k, net assets of $897k. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.