Long Island Soccer Holdings Inc

Analysis

Long Island Soccer Holdings Inc is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in December 2019, 7 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, Long Island Soccer Holdings Inc reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $239k to $2.3m (+877%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 316%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Island Soccer Holdings Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Brazoria County Fat Stock and Fair Association ($2.3m), Camp Livingston Inc ($2.3m) and Revelation Wellness Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $354k against liabilities of $2,588, net assets of $351k.