Chugiak Soccer Club Inc

Analysis

Chugiak Soccer Club Inc is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in June 1997, 29 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, Chugiak Soccer Club Inc reported income of $558k and spending of $417k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $558k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chugiak Soccer Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AK. Charities of a similar size with the same main cause include USA Swimming Inc ($558k), Reading Youth Hockey Association Inc ($558k) and CG Adventures International Inc ($558k).

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. Other salaries and wages came to $73k. At year end it held assets of $289k against liabilities of $194, net assets of $289k. It reported 10 employees.