North Oaks Soccer Club Inc

Analysis

North Oaks Soccer Club Inc is a registered charity in United States, based in North Oaks, MN. It received its IRS tax-exemption ruling in January 2020, 6 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 August 2023, North Oaks Soccer Club Inc reported income of $709k and spending of $699k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $386k to $709k (+84%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Oaks Soccer Club Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Georgia Recreation and Park Association Inc ($708k), Section IX Athletic Council Inc ($709k) and Mankato Area Hockey Association ($708k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $37k (5.2% of expenses). At year end it held assets of $852k against liabilities of $507k, net assets of $345k.