Freeland Soccer Club

Analysis

Freeland Soccer Club is a registered charity in United States, based in Freeland, MI. It received its IRS tax-exemption ruling in May 1988, 38 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, Freeland Soccer Club reported income of $139k and spending of $128k, spending 92% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $114k to $139k (+23%), an average of +23% a year. The sharpest change came in the year to July 2023, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeland Soccer Club sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Alabama Association of Volunteer Fire Departments Inc ($139k), Parent Faculty Organization of Greenville Fundamental School ($139k) and Mark Kilroy Foundation ($139k).

On its Form 990-EZ for the period ending July 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $349k against liabilities of $60k, net assets of $289k.