Northeast United Soccer Club

Analysis

Northeast United Soccer Club is a registered charity in United States, based in Maplewood, MN. It received its IRS tax-exemption ruling in November 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 December 2023, Northeast United Soccer Club reported income of $256k and spending of $221k, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $144k to $256k (+78%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northeast United Soccer Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Penn State Rugby Association ($256k), Electric City Runners Corporation ($256k) and Top Shelf Elite Combat Series ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $37k (17% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k.