Chelsea Soccer Club

Analysis

Chelsea Soccer Club is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in March 1999, 27 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 2024, Chelsea Soccer Club reported income of $195k and spending of $231k, spending 119% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income fell from $218k to $195k (-11%), an average of -5.6% a year. The sharpest change came in the year to May 2024, when income dropped by 19%. 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, Chelsea Soccer Club sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Chesterfield Basketball League Inc ($195k), Askeo International ($195k) and West York Boys Club Incorporated ($195k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.