Galaxy Soccer Club Inc

Analysis

Galaxy Soccer Club Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Galaxy Soccer Club Inc reported income of $352k and spending of $342k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $352k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Galaxy Soccer Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include National Nordic Foundation ($352k), Cape Fear Youth Hockey Association ($352k) and Tualatin Valley Youth Football League Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,300 (2.4% of expenses). At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 1 employees.