Owensboro United Soccer Club Inc

Analysis

Owensboro United Soccer Club Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in June 1989, 37 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, Owensboro United Soccer Club Inc reported income of $470k and spending of $426k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $470k (+262%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 2324%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owensboro United Soccer Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Abc Pregnancy Care Center ($470k), Society of Christian Instruction of Baldwin St Croix County Wisconsin ($470k) and Methodist Childrens Village Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.