Tracyton Soccer Club

Analysis

Tracyton Soccer Club is a registered charity in United States, based in Tracyton, WA. It received its IRS tax-exemption ruling in July 2005, 21 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, Tracyton Soccer Club reported income of $255k and spending of $286k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $255k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. 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, Tracyton Soccer Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Bolingbrook Youth Baseball League ($255k), Hingham Youth Soccer Inc ($255k) and Move United ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $12k (4.3% of expenses). Other salaries and wages came to $6,381. At year end it held assets of $139k against liabilities of $1,001, net assets of $138k. It reported 35 employees.