San Carlos United Soccer Club Inc

Analysis

San Carlos United Soccer Club Inc is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in December 2009, 17 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 June 2023, San Carlos United Soccer Club Inc reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $923k to $1.1m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Carlos United Soccer Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Philadelphia Union Foundation ($1.1m), Mat-Su Trails & Parks Foundation ($1.1m) and Community Nature Connection ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $319k against liabilities of $0, net assets of $319k.