Elkhart Flames Soccer Club

Analysis

Elkhart Flames Soccer Club is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in August 2009, 17 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, Elkhart Flames Soccer Club reported income of $263k and spending of $230k, spending 87% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $201k to $263k (+31%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 67%. 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, Elkhart Flames Soccer Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Eastern US Music Camp Inc ($263k), Brazilian United Soccer Academy Inc ($263k) and Pioneer Valley Riverfront Club Inc ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2,684 (1.2% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k.