Harbor Soccer Club

Analysis

Harbor Soccer Club is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in November 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harbor Soccer Club reported income of $1.4m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 99%. 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, Harbor Soccer Club sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Winnarainbow Inc ($1.4m), Socal-Elite Sports Inc ($1.4m) and Coast Soccer League Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $411k (26% of expenses). Other salaries and wages came to $351k. At year end it held assets of $547k against liabilities of $0, net assets of $547k. It reported 27 employees.