Satellite Beach Soccer Club Inc

Analysis

Satellite Beach Soccer Club Inc is a registered charity in United States, based in Satellite BCH, FL. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2023, Satellite Beach Soccer Club Inc reported income of $232k and spending of $212k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $287k to $232k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Satellite Beach Soccer Club Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Ojai Valley Tennis Club Inc ($232k), Bike Walk Tennessee ($232k) and Mount Olive Junior Marauders Football Association Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.