South Lake Soccer Club Inc

Analysis

South Lake Soccer Club Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in September 2005, 21 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, South Lake Soccer Club Inc reported income of $238k and spending of $240k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $290k to $238k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Lake Soccer Club Inc sits at the 56th percentile: it is larger than about 56% 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 Orange County Justice Fund ($238k), Tupelo Ballet Inc ($238k) and Lewis Central Booster Club Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $63k (26% of expenses). At year end it held assets of $69k against liabilities of $0, net assets of $69k.