Soma F C Inc

Analysis

Soma F C Inc is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in June 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 December 2023, Soma F C Inc reported income of $166k and spending of $168k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $166k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soma F C Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($166k), Riot Baseball ($166k) and Jam Sport Youth & Adult League ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.