Chargers Soccer Club Inc

Analysis

Chargers Soccer Club Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in November 1982, 44 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 2024, Chargers Soccer Club Inc reported income of $3.1m and spending of $3.1m, spending 101% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.0m to $3.1m (+53%), an average of +8.9% a year. The sharpest change came in the year to May 2022, when income rose by 30%. 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, Chargers Soccer Club Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Women Leaders in Sports ($3.1m), Team Illinois Hockey Club ($3.1m) and Squash and Education Alliance Inc ($3.1m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $248k. At year end it held assets of $1.9m against liabilities of $902k, net assets of $999k. It reported 4 employees.