Elite Soccer Club

Analysis

Elite Soccer Club is a registered charity in United States, based in Paramount, CA. It received its IRS tax-exemption ruling in September 2018, 8 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, Elite Soccer Club reported income of $163k and spending of $184k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $163k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite Soccer Club sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include The Basketball Club of Woodinville ($163k), Mars Hockey Inc ($163k) and West Muskingum Athletic Boosters of Muskingum County Ohio ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,731 against liabilities of $0, net assets of $6,731.