Armonk Soccer Club

Analysis

Armonk Soccer Club is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in July 2014, 12 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 August 2023, Armonk Soccer Club reported income of $724k and spending of $529k, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $415k to $724k (+74%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 266%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Armonk Soccer Club 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 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Scarsdale Youth Hockey Association Inc ($724k), Texas Association for Health Physical Education Recreation & ($725k) and East Carolina Junior Volleyball Club Inc ($724k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $837k against liabilities of $252k, net assets of $585k.