Mountain Lakes-Boonton Township- Boonton Soccer Club

Analysis

Mountain Lakes-Boonton Township- Boonton Soccer Club is a registered charity in United States, based in Denville, NJ. It received its IRS tax-exemption ruling in March 2004, 22 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 February 2024, Mountain Lakes-Boonton Township- Boonton Soccer Club reported income of $211k and spending of $214k, spending 101% of its income. Across the 3 years on record, from February 2022 to February 2024, income grew from $202k to $211k (+4.1%), an average of +2.0% a year. The sharpest change came in the year to February 2024, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mountain Lakes-Boonton Township- Boonton Soccer Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Gunter Youth Association ($211k), Santa Susana Boys Baseball League ($211k) and Magnolia Youth Football Assoc ($211k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $1,665, net assets of $71k.