Terrace Brier Soccer Club

Analysis

Terrace Brier Soccer Club is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in August 2022, 4 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 March 2024, Terrace Brier Soccer Club reported income of $87k and spending of $81k, spending 94% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $82k to $87k (+5.7%), an average of +5.7% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Terrace Brier Soccer Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Chelsea Aquatic Club ($87k), Henniker Youth Hockey Association Inc ($87k) and Winthrop Little League Inc ($87k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.