Swansboro Soccer Association Inc

Analysis

Swansboro Soccer Association Inc is a registered charity in United States, based in Swansboro, NC. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Swansboro Soccer Association Inc reported income of $97k and spending of $109k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $97k (+14%), an average of +14% a year. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swansboro Soccer Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Sandpoint Nordic Club ($97k), Little League Baseball Inc ($97k) and Tabernacle Athletic Association ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.