East Meadow Soccer Club

Analysis

East Meadow Soccer Club is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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 April 2023, East Meadow Soccer Club reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $1.9m to $2.4m (+23%), an average of +7.2% a year. The sharpest change came in the year to April 2022, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Meadow Soccer Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Charleston Library Society ($2.4m), Cedar Lane Senior Living Community I Inc ($2.4m) and Florida Christian Apt Inc ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (3.5% of expenses). At year end it held assets of $1.9m against liabilities of $392k, net assets of $1.5m. It reported 1 employees.