Hockessin Soccer Club

Analysis

Hockessin Soccer Club is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in June 1990, 36 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 May 2024, Hockessin Soccer Club reported income of $2.5m and spending of $2.1m, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $949k to $2.5m (+164%), an average of +27% a year. The sharpest change came in the year to May 2022, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hockessin Soccer Club sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include Adirondack Railway Preservation Society ($2.5m), Heartland Community College Foundation ($2.5m) and Habitat for Humanity International Inc ($2.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 76% of the total. Other salaries and wages came to $305k. At year end it held assets of $1.9m against liabilities of $803k, net assets of $1.1m. It reported 4 employees.