Hobe Sound Soccer Club Inc

Analysis

Hobe Sound Soccer Club Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in April 1990, 36 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 May 2023, Hobe Sound Soccer Club Inc reported income of $183k and spending of $187k, spending 102% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $149k to $183k (+22%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hobe Sound Soccer Club Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Bromleigh Enterprises Inc ($183k), Highway Geology Symposium ($183k) and Applied Scholastics International ($183k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 16% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.