Centennial Soccer Club

Analysis

Centennial Soccer Club is a registered charity in United States, based in Circle Pines, MN. It received its IRS tax-exemption ruling in February 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 August 2023, Centennial Soccer Club reported income of $275k and spending of $223k, spending 81% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $112k to $275k (+145%), an average of +35% a year. The sharpest change came in the year to August 2021, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Centennial Soccer Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Calcio Gives Back ($275k), Wichita Futbol Club ($275k) and Academy of Hope Inc ($275k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.