Palo Alto Soccer Club Inc

Analysis

Palo Alto Soccer Club Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in February 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 April 2023, Palo Alto Soccer Club Inc reported income of $3.3m and spending of $3.5m, spending 106% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.8m to $3.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to April 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palo Alto Soccer Club Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include South Shore Conference Inc ($3.3m), USA Triathlon Foundation ($3.3m) and Lincoln Parks & Recreation FNDN ($3.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.0% and program service revenue 89% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 33 employees.