Stoddert Soccer League Inc

Analysis

Stoddert Soccer League Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1986, 40 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 July 2023, Stoddert Soccer League Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 4 years on record, from June 2019 to July 2023, income grew from $3.1m to $3.5m (+12%), an average of +3.9% a year. The sharpest change came in the year to July 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stoddert Soccer League Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Verified Voting Foundation ($3.5m), Michigan Child Care Centers Inc ($3.5m) and Montessori Academy of Arlington Inc ($3.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $164k (4.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.6m against liabilities of $1.7m, net assets of $1.9m. It reported 113 employees.