Des Moines Soccer Club

Analysis

Des Moines Soccer Club is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Des Moines Soccer Club reported income of $459k and spending of $492k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $316k to $459k (+45%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Des Moines Soccer Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Coon Rapids Youth Hockey Association ($459k), Mountaineer Hockey Incorporated ($459k) and State Games of Mississippi ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $13k (2.5% of expenses). At year end it held assets of $338k against liabilities of $0, net assets of $338k.