Gallatin Soccer Club

Analysis

Gallatin Soccer Club is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in March 2010, 16 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 July 2023, Gallatin Soccer Club reported income of $213k and spending of $156k, leaving 27% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $161k to $213k (+32%), an average of +32% a year. The sharpest change came in the year to July 2023, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gallatin Soccer Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Sarasota County Rowing Club Inc ($213k), Sooner Athletic Conference ($213k) and White Rock Lake Foundation ($213k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.