Cyclone Soccer Hollywood Inc

Analysis

Cyclone Soccer Hollywood Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in March 2012, 14 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, Cyclone Soccer Hollywood Inc reported income of $384k and spending of $382k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $384k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 82%. 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, Cyclone Soccer Hollywood Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Calvert Aquatics Club Inc ($384k), Moody High School Football Booster Club ($384k) and Finding Our Stride ($384k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $156k (41% of expenses). Other salaries and wages came to $103k. At year end it held assets of $91k against liabilities of $106k, net assets of -$15k. It reported 4 employees.