Verona Area Soccer Club Inc

Analysis

Verona Area Soccer Club Inc is a registered charity in United States, based in Verona, WI. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Verona Area Soccer Club Inc reported income of $329k and spending of $311k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $329k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Verona Area Soccer Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Western Harnett Youth Recreation ($329k), Forest Athletic Club Newcorp Inc ($330k) and Castle Rock Parks and Trails Foundation ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.