Galaxy Soccer Club

Analysis

Galaxy Soccer Club is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in November 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Galaxy Soccer Club reported income of $2.6m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.8m to $2.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to July 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Galaxy Soccer Club sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Triangle Volleyball Club Inc ($2.6m), Temecula United Soccer Club Inc ($2.7m) and Quicksilver Swimming ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $166k (6.8% of expenses). Other salaries and wages came to $235k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 4 employees.