Solar Soccer Club

Analysis

Solar Soccer Club is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in March 1997, 29 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 2023, Solar Soccer Club reported income of $6.1m and spending of $6.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.2m to $6.1m (-2.9%), an average of -0.7% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Solar Soccer Club sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Beach Futbol Club ($6.1m), Oglebay Foundation Inc ($6.1m) and Foundation of Shalom Park Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $300k (4.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.5m. It reported 8 employees.