Space Coast United Soccer Club Inc

Analysis

Space Coast United Soccer Club Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, Space Coast United Soccer Club Inc reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Space Coast United Soccer Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include United States Public Interest Research Group Education Fund ($2.2m), Arcare Inc ($2.2m) and Sunshine Gospel Ministries ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $209k (10.0% of expenses). Other salaries and wages came to $784k. At year end it held assets of $1.3m against liabilities of $82k, net assets of $1.2m. It reported 60 employees.