Ankeny Soccer Club

Analysis

Ankeny Soccer Club is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in September 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 June 2023, Ankeny Soccer Club reported income of $136k and spending of $211k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.1m to $136k (-88%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 91%. 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, Ankeny Soccer Club sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within IA. Charities of a similar size with the same main cause include Ian Walsh Menehune Mayhem Foundation ($136k), Chautauqua Lake Community Sailing Foundation Inc ($137k) and Actsports Inc ($136k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 80% of the total. Other salaries and wages came to $31k. At year end it held assets of $641k against liabilities of $156k, net assets of $485k. It reported 6 employees.