Canton Soccer Club

Analysis

Canton Soccer Club is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in March 1996, 30 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 June 2023, Canton Soccer Club reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canton 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 MI. Charities of a similar size with the same main cause include Detroit Mountain Recreation Area Inc ($2.6m), Enid Sports Association ($2.6m) and Volusia County Fair Association Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $393k (17% of expenses). Other salaries and wages came to $848k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.