James Island Soccer Club Inc

Analysis

James Island Soccer Club Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 1981, 45 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 April 2024, James Island Soccer Club Inc reported income of $1.2m and spending of $1.4m, spending 118% of what it took in. Across the 5 years on record, from May 2020 to April 2024, income grew from $490k to $1.2m (+137%), an average of +24% a year. The sharpest change came in the year to May 2021, when income rose by 71%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, James Island Soccer Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Washington County Public Golf Corporation ($1.2m), Western Heritage Event Center Inc ($1.2m) and San Francisco Aquatics Foundation ($1.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $110k. At year end it held assets of $1.7m against liabilities of $383k, net assets of $1.3m. It reported 2 employees.