Boise Timbers Thorns Soccer Club Inc

Analysis

Boise Timbers Thorns Soccer Club Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in April 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 June 2023, Boise Timbers Thorns Soccer Club Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $1.9m (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boise Timbers Thorns Soccer Club Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within ID. Charities of a similar size with the same main cause include Rhode Island Interscholastic League Inc ($1.9m), Cityfest Inc ($1.9m) and Rave Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $109k (6.5% of expenses). Other salaries and wages came to $493k. At year end it held assets of $2.1m against liabilities of $799k, net assets of $1.3m. It reported 21 employees.