Independence Soccer Club Inc

Analysis

Independence Soccer Club Inc is a registered charity in United States, based in Independence, KY. It received its IRS tax-exemption ruling in November 2004, 22 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 June 2024, Independence Soccer Club Inc reported income of $315k and spending of $254k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $250k to $315k (+26%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Independence Soccer Club Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Cy-Fair Girls Athletic Association ($315k), Jim and Carol West Foundation ($315k) and Oregon Hockey Officials Association Inc ($315k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.