Catawba Valley Blast Soccer Club

Analysis

Catawba Valley Blast Soccer Club is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in May 1998, 28 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, Catawba Valley Blast Soccer Club reported income of $718k and spending of $547k, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $351k to $718k (+104%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Catawba Valley Blast Soccer Club sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Western Dressage Association of America ($717k), Eagleclaw Foundation ($718k) and Wahpeton Hockey Association ($717k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $123k (22% of expenses). Other salaries and wages came to $146k. At year end it held assets of $434k against liabilities of $12, net assets of $434k. It reported 32 employees.