Arkansas Comets Soccer Club Inc

Analysis

Arkansas Comets Soccer Club Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 2015, 11 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, Arkansas Comets Soccer Club Inc reported income of $434k and spending of $347k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $434k (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arkansas Comets Soccer Club Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within AR. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($434k), San Francisco Lacrosse Club Inc ($434k) and McLean Crew Club Inc ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.