San Luis Obispo Soccer Club

Analysis

San Luis Obispo Soccer Club is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in February 1998, 28 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, San Luis Obispo Soccer Club reported income of $542k and spending of $542k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $393k to $542k (+38%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Luis Obispo Soccer Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include International Skating Program Inc ($542k), Plainview-Old Bethpage Soccer Club Inc ($542k) and Capital Travel Sports Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). At year end it held assets of $185k against liabilities of $2,205, net assets of $182k.