Woodside Soccer Club Inc

Analysis

Woodside Soccer Club Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 2018, 8 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, Woodside Soccer Club Inc reported income of $1.4m and spending of $1.0m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $1.4m (+272%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 527%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodside Soccer Club Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Boys and Girls Club of Greater Salem Inc ($1.4m), The Sailing Foundation of New York Inc ($1.4m) and South Texas Volleyball Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $180k (17% of expenses). At year end it held assets of $531k against liabilities of $0, net assets of $531k.