Den of Lions Soccer Club Inc

Analysis

Den of Lions Soccer Club Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2021, 5 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, Den of Lions Soccer Club Inc reported income of $217k and spending of $183k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $217k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Den of Lions Soccer Club Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Victory Sports Club Inc ($217k), Starboard Foundation Inc ($217k) and Montgomery County Baseball Association ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. At year end it held assets of $67k against liabilities of $1,433, net assets of $66k.