Holmdel Youth Soccer Associates Inc

Analysis

Holmdel Youth Soccer Associates Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in April 1999, 27 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 July 2024, Holmdel Youth Soccer Associates Inc reported income of $623k and spending of $584k, spending 94% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $491k to $623k (+27%), an average of +6.1% a year. The sharpest change came in the year to July 2023, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Holmdel Youth Soccer Associates Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Magic Basketball Club Inc ($623k), Flower Mound Youth Sports Association Inc ($623k) and Soccer for Life Inc ($623k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. At year end it held assets of $479k against liabilities of $0, net assets of $479k.