Toledo Celtics Soccer Club Inc

Analysis

Toledo Celtics Soccer Club Inc is a registered charity in United States, based in Maumee, OH. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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 July 2023, Toledo Celtics Soccer Club Inc reported income of $272k and spending of $292k, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $358k to $272k (-24%), an average of -6.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toledo Celtics Soccer Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Heights Interfaith Ministries Inc ($272k), Daily Bread Ministries Inc ($272k) and Ahle-Bait As Association of Michigan ($272k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $247k against liabilities of $215k, net assets of $32k. It reported 2 employees.