Richmond Strikers Soccer Club Inc

Analysis

Richmond Strikers Soccer Club Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in March 1982, 44 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 June 2023, Richmond Strikers Soccer Club Inc reported income of $8.0m and spending of $8.3m, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.0m (+13%), an average of +4.1% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Strikers Soccer Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Maccabi USA Inc ($7.9m), Nasa Tophat Inc ($8.0m) and The New Jersey Titans Hockey Club Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $514k (6.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $6.7m against liabilities of $6.2m, net assets of $535k. It reported 33 employees.