Somerset West Soccer Club

Analysis

Somerset West Soccer Club is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in November 2014, 12 years ago. 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, Somerset West Soccer Club reported income of $95k and spending of $83k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $95k (+12%), an average of +12% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset West Soccer Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OR. Charities of a similar size with the same main cause include Supportive Living Incorporated ($95k), Brighton Baseball Inc ($95k) and Lynchburg Residential Services Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.