Soccer Club of Oak Ridge Inc

Analysis

Soccer Club of Oak Ridge Inc is a registered charity in United States, based in Oak Ridge, TN. 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 June 2024, Soccer Club of Oak Ridge Inc reported income of $240k and spending of $223k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $155k to $240k (+55%), an average of +55% a year. The sharpest change came in the year to June 2024, when income rose by 55%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Club of Oak Ridge Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Friends of Camp El-O-Win ($240k), Gowags Teams Inc ($240k) and Cajun Rodeo Association Inc ($240k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1,800 (0.8% of expenses). Other salaries and wages came to $76k. At year end it held assets of $152k against liabilities of $0, net assets of $152k.