Southside Soccer Club Inc

Analysis

Southside Soccer Club Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in February 2005, 21 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, Southside Soccer Club Inc reported income of $128k and spending of $109k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $128k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southside Soccer Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Naples Youth Basketball League Inc ($128k), Boys Baseball of Lynnhaven Inc ($128k) and Malden Youth Soccer Association ($128k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.