Spartanburg Youth Soccer Club Inc

Analysis

Spartanburg Youth Soccer Club Inc is a registered charity in United States, based in Wellford, SC. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Spartanburg Youth Soccer Club Inc reported income of $371k and spending of $597k, spending 161% of what it took in. Across the 4 years on record, from May 2020 to April 2023, income fell from $505k to $371k (-27%), an average of -9.8% a year. The sharpest change came in the year to May 2021, when income rose by 63%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spartanburg Youth Soccer Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include South Jersey Rowing Club a NJ Nonprofit Corporation ($371k), West Volusia Athletic Club ($371k) and Naples Pathways Coalition Inc ($370k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 6.4% and program service revenue 89% of the total. Other salaries and wages came to $139k. At year end it held assets of $243k against liabilities of $0, net assets of $243k. It reported 5 employees.