Iowa Soccer Club Incorporated

Analysis

Iowa Soccer Club Incorporated is a registered charity in United States, based in Coralville, IA. It received its IRS tax-exemption ruling in February 2002, 24 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 July 2023, Iowa Soccer Club Incorporated reported income of $990k and spending of $948k, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $811k to $990k (+22%), an average of +5.1% a year. The sharpest change came in the year to July 2020, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa Soccer Club Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Community Recreation Center Inc ($990k), Camp Allen Inc ($990k) and San Francisco Youth Soccer ($989k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $383k. At year end it held assets of $1.4m against liabilities of $340k, net assets of $1.0m. It reported 44 employees.