Wellington Soccer Club Inc

Analysis

Wellington Soccer Club Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in April 2008, 18 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, Wellington Soccer Club Inc reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wellington Soccer Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Alpharetta Ambush Soccer Club Inc ($1.5m), Chicago Pegasus Inc ($1.5m) and Chattanooga FC Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $588k. At year end it held assets of $792k against liabilities of $16k, net assets of $776k. It reported 42 employees.