Wayne County United Soccer Club

Analysis

Wayne County United Soccer Club is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in April 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Wayne County United Soccer Club reported income of $270k and spending of $206k, leaving 24% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $193k to $270k (+40%), an average of +40% a year. The sharpest change came in the year to July 2024, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wayne County United Soccer Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Flagler Sheriffs Pal Inc ($270k), Albertos Aaa Hockey ($270k) and Lake Hamilton Bible Camp of Hot Springs Arkansas Inc ($270k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (17% of expenses). At year end it held assets of $101k against liabilities of $0, net assets of $101k.