Nomads Soccer Club

Analysis

Nomads Soccer Club is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nomads Soccer Club reported income of $295k and spending of $335k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $540k to $295k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nomads Soccer Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Powell United Methodist Preschool ($295k), Riverfront Ministries ($295k) and 30th Street Industrial Corridor Corporation Inc ($295k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $111k against liabilities of $17k, net assets of $94k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.