Willoughby Soccer Club

Analysis

Willoughby Soccer Club is a registered charity in United States, based in Willoughby, OH. It received its IRS tax-exemption ruling in May 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, Willoughby Soccer Club reported income of $67k and spending of $78k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $67k (-2.0%), an average of -2.0% a year. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Willoughby Soccer Club sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Impact Foundation ($67k), Churchville Soccer Club Inc ($67k) and Wounded Warriors at Pinehills ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.