Seminole Soccer Club Inc

Analysis

Seminole Soccer Club Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in April 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 May 2023, Seminole Soccer Club Inc reported income of $2.6m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.9m to $2.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seminole Soccer Club Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Team Footworks Educational & Fitness Corporation ($2.6m), Sabre Hockey Association ($2.6m) and Elk Grove Youth Soccer League ($2.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $469k. It reported 14 employees.