United Soccer Club Inc

Analysis

United Soccer Club Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 2009, 17 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 2023, United Soccer Club Inc reported income of $366k and spending of $440k, spending 120% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $237k to $366k (+54%), an average of +12% a year. The sharpest change came in the year to May 2021, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United Soccer Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Albany Area Gymnastics Association ($365k), Davis Island Youth Sailing Foundation Inc ($366k) and Tre & Associates Inc ($365k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $50k (11% of expenses). Other salaries and wages came to $42k. At year end it held assets of $126k against liabilities of $31k, net assets of $95k.