Chesapeake United Soccer Club Inc

Analysis

Chesapeake United Soccer Club Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in December 1993, 33 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 2024, Chesapeake United Soccer Club Inc reported income of $562k and spending of $589k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $318k to $562k (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chesapeake United Soccer Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include San Diego Hockey Referee Association a California Nonprofit ($562k), Carolina Aquatics Swim Club Inc ($562k) and Denver Park Trust ($561k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $205k. At year end it held assets of $402k against liabilities of $202k, net assets of $200k. It reported 5 employees.