Snohomish Youth Soccer Club

Analysis

Snohomish Youth Soccer Club is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in December 2003, 23 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, Snohomish Youth Soccer Club reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.2m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 71%. 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, Snohomish Youth Soccer Club sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Impact Center ($2.2m), West Dundee Hockey Club ($2.2m) and Northshore Gymnastic Assn ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Other salaries and wages came to $314k. At year end it held assets of $1.4m against liabilities of $179k, net assets of $1.2m. It reported 30 employees.