Bethesda Soccer Club Inc

Analysis

Bethesda Soccer Club Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in August 1981, 45 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, Bethesda Soccer Club Inc reported income of $5.5m and spending of $5.4m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.7m to $5.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bethesda Soccer Club Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Sail Newport Inc ($5.5m), Wyman Center Inc ($5.6m) and Winter Guard International Inc ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $199k (3.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.5m against liabilities of $1.4m, net assets of $1.2m. It reported 75 employees.