Burlington Soccer Club

Analysis

Burlington Soccer Club is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 May 2023, Burlington Soccer Club reported income of $304k and spending of $317k, spending 105% of its income. Across the 5 years on record, from May 2018 to May 2023, income grew from $280k to $304k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to May 2023, when income rose by 21%. 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, Burlington Soccer Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Central Pennsylvania Interscholastic Hockey League ($304k), Little League Baseball Inc ($304k) and Guardian Training ($304k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). Other salaries and wages came to $107k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 21 employees.