Somerville Youth Soccer League Inc

Analysis

Somerville Youth Soccer League Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in August 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 December 2023, Somerville Youth Soccer League Inc reported income of $334k and spending of $407k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $255k to $334k (+31%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Somerville Youth Soccer League Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Beverly Hills Fencers Club ($334k), MTFC Inc ($334k) and Considine Little Rock Life Center ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $57k. At year end it held assets of $186k against liabilities of $0, net assets of $186k. It reported 1 employees.