Lake Oswego Soccer Club

Analysis

Lake Oswego Soccer Club is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in September 1999, 27 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 January 2024, Lake Oswego Soccer Club reported income of $1.4m and spending of $1.4m, spending 96% of its income. Across the 6 years on record, from January 2019 to January 2024, income grew from $927k to $1.4m (+53%), an average of +8.8% a year. The sharpest change came in the year to January 2022, when income rose by 140%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Oswego Soccer Club sits at the 94th 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 84th percentile within OR. Charities of a similar size with the same main cause include Delaware County Fair Society Inc ($1.4m), Norwalk Stamford Grassroots Tennis & Education Inc ($1.4m) and Massachusetts Youth Lacrosse Inc ($1.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $278k (21% of expenses). Other salaries and wages came to $402k. At year end it held assets of $576k against liabilities of $360, net assets of $576k. It reported 82 employees.