Challenge Soccer Club

Analysis

Challenge Soccer Club is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Challenge Soccer Club reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.4m to $4.1m (+72%), an average of +11% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Challenge Soccer Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Girl Scouts of Northern Indiana Michiana Inc ($4.1m), Boys and Girls Club of Magic Valley Inc ($4.1m) and Boys & Girls Club of Bloomington ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.3m against liabilities of $1,279, net assets of $1.3m. It reported 58 employees.