Prior Lake Soccer Club Inc

Analysis

Prior Lake Soccer Club Inc is a registered charity in United States, based in Prior Lake, MN. It received its IRS tax-exemption ruling in October 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prior Lake Soccer Club Inc reported income of $998k and spending of $869k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $998k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 61%. 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, Prior Lake Soccer Club Inc 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 78th percentile within MN. Charities of a similar size with the same main cause include Team Greenville Swim Club ($995k), Charlotte Junior Soccer Foundation Inc ($998k) and South Campus Sports Assocation ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Other salaries and wages came to $338k. At year end it held assets of $1.4m against liabilities of $2,153, net assets of $1.4m. It reported 7 employees.