Basalt Soccer Club Inc

Analysis

Basalt Soccer Club Inc is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in October 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Basalt Soccer Club Inc reported income of $631k and spending of $713k, spending 113% of what it took in. Across the 3 years on record, from May 2020 to May 2023, income grew from $211k to $631k (+199%), an average of +73% a year. The sharpest change came in the year to May 2023, when income rose by 82%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Basalt Soccer Club Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include California Rowing Club ($630k), Bethesda Community Base Ball Club ($631k) and McKenzie County Fair ($630k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $186k (26% of expenses). Other salaries and wages came to $207k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 4 employees.