Polaris Soccer Club Inc

Analysis

Polaris Soccer Club Inc is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in October 2020, 6 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 May 2024, Polaris Soccer Club Inc reported income of $762k and spending of $720k, spending 95% of its income. Across the 4 years on record, from December 2020 to May 2024, income grew from $201k to $762k (+279%), an average of +56% a year. The sharpest change came in the year to May 2023, when income rose by 31464%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Polaris Soccer Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Dearborn Figure Skating Association Inc ($761k), Rhea County Community Center ($762k) and Table Mountain Soccer Association Inc ($761k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. At year end it held assets of $366k against liabilities of $299k, net assets of $68k.