Williamsburg Soccer Club

Analysis

Williamsburg Soccer Club is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in October 1979, 47 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 December 2023, Williamsburg Soccer Club reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Williamsburg Soccer Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Vennevoll Inc ($2.2m), Philosophers Information Center ($2.2m) and Coro Southern California Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Other salaries and wages came to $398k. At year end it held assets of $839k against liabilities of $0, net assets of $839k. It reported 8 employees.