Swan City Soccer Club Inc

Analysis

Swan City Soccer Club Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Swan City Soccer Club Inc reported income of $897k and spending of $1.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $741k to $897k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Swan City Soccer Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Lighthouse Foundation of Corinth ($896k), The Launch Pad Teen Center ($897k) and Missouri Youth Services Institute ($896k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. At year end it held assets of $268k against liabilities of $119k, net assets of $149k.