Cascade Soccer Club

Analysis

Cascade Soccer Club is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in May 2012, 14 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 February 2023, Cascade Soccer Club reported income of $392k and spending of $409k, spending 104% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $292k to $392k (+34%), an average of +7.6% a year. The sharpest change came in the year to February 2022, when income rose by 167%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cascade Soccer Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Maine High School Hockey Association ($392k), Greenwich Sailing School Inc ($392k) and Palmerton Memorial Park Assn Inc ($392k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $62k (15% of expenses). Other salaries and wages came to $102k. At year end it held assets of $94k against liabilities of $4,970, net assets of $89k. It reported 49 employees.