Aberdeen Matawan Soccer Club Inc

Analysis

Aberdeen Matawan Soccer Club Inc is a registered charity in United States, based in Matawan, NJ. It received its IRS tax-exemption ruling in January 2011, 15 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, Aberdeen Matawan Soccer Club Inc reported income of $96k and spending of $100k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $96k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aberdeen Matawan Soccer Club Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Hope Soccer Ministries ($96k), Little League Baseball Inc ($97k) and Council on American-Islamic Relations-St Louis Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.

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.