Palatine Celtic Soccer Club

Analysis

Palatine Celtic Soccer Club is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in May 1997, 29 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, Palatine Celtic Soccer Club reported income of $1.6m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 80%. 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, Palatine Celtic Soccer Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Camping Unlimited for the Developmentally Disabled ($1.6m), San Francisco Bicycle Coalitioneducation Fund Inc ($1.6m) and Hocking County Agriculture Societies ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Other salaries and wages came to $556k. At year end it held assets of $1.1m against liabilities of $615k, net assets of $466k. It reported 24 employees.