Simi Valley Soccer Club

Analysis

Simi Valley Soccer Club is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in August 1995, 31 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, Simi Valley Soccer Club reported income of $309k and spending of $319k, spending 103% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $431k to $309k (-28%), an average of -10% a year. The sharpest change came in the year to April 2021, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Simi Valley Soccer Club 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 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Port Orange Soccer Club Inc ($309k), Santa Barbara Water Polo Club Inc ($309k) and Kaukauna Youth Baseball Inc ($309k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). At year end it held assets of $152k against liabilities of $8,643, net assets of $143k.