Oakland Genesis Soccer Club Corporation

Analysis

Oakland Genesis Soccer Club Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, Oakland Genesis Soccer Club Corporation reported income of $643k and spending of $631k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2023, income grew from $177k to $643k (+264%), an average of +54% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oakland Genesis Soccer Club Corporation 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 75th percentile within CA. Charities of a similar size with the same main cause include The National Road Heritage Corridor ($643k), Western Hills Municipal Golf Course Inc ($644k) and Seattle Skeet and Trap Club ($643k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $256k (41% of expenses). Other salaries and wages came to $241k. At year end it held assets of $147k against liabilities of $491, net assets of $147k. It reported 33 employees.