Strikers Fox Valley Soccer Club

Analysis

Strikers Fox Valley Soccer Club is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in January 2002, 24 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 2022, Strikers Fox Valley Soccer Club reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $907k to $1.0m (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Strikers Fox Valley Soccer Club sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Vermont Huts Association Ltd ($1.0m), Gunston Athletic Institute Ltd ($1.0m) and American Collegiate Hockey Association Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $113k (10% of expenses). Other salaries and wages came to $7,443. At year end it held assets of $707k against liabilities of $160k, net assets of $546k. It reported 8 employees.