Olathe Soccer Club Inc

Analysis

Olathe Soccer Club Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in August 1986, 40 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 May 2023, Olathe Soccer Club Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 6 years on record, from May 2019 to May 2023, income grew from $409k to $1.5m (+270%), an average of +30% a year. The sharpest change came in the year to May 2020, when income rose by 219%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olathe Soccer Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Chicago Pegasus Inc ($1.5m), Florida United Numismatists Inc ($1.5m) and Wellington Soccer Club Inc ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $95k (6.5% of expenses). Other salaries and wages came to $390k. At year end it held assets of $479k against liabilities of $0, net assets of $479k. It reported 38 employees.