Hagerstown Soccer Club Inc

Analysis

Hagerstown Soccer Club Inc is a registered charity in United States, based in Maugansville, MD. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Hagerstown Soccer Club Inc reported income of $63k and spending of $57k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $63k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hagerstown Soccer Club Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Stand Firm Inc ($63k), HP Archery Booster Club ($63k) and Colleyville Area Chapter National Charity League Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 70% of the total. At year end it held assets of $235k against liabilities of $53k, net assets of $183k.