South Lakes Soccer Club Inc

Analysis

South Lakes Soccer Club Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2006, 20 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 May 2022, South Lakes Soccer Club Inc reported income of $564k and spending of $496k, spending 88% of its income. Across the 4 years on record, from May 2019 to May 2022, income fell from $590k to $564k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to May 2020, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, South Lakes Soccer Club Inc 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 72nd percentile, and in the 73rd percentile within OK. Charities of a similar size with the same main cause include Ogdensburg Boys & Girls Club ($563k), Minnesota Amateur Hockey Association ($564k) and Boys & Girls Clubs of the Keys Area Inc ($563k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 12% and program service revenue 85% of the total. Other salaries and wages came to $74k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 5 employees.