Walnut Creek Soccer Club

Analysis

Walnut Creek Soccer Club is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in September 1977, 49 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 May 2023, Walnut Creek Soccer Club reported income of $2.8m and spending of $2.9m, spending 101% of its income. Across the 6 years on record, from March 2019 to May 2023, income grew from $1.8m to $2.8m (+58%), an average of +9.6% a year. The sharpest change came in the year to May 2022, when income rose by 1809%. 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, Walnut Creek Soccer Club sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Chess-In-The-Schools Inc ($2.8m), United States Sports University Inc ($2.8m) and Girlstart ($2.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Other salaries and wages came to $1.3m. It paid $62k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $1.8m, net assets of $901k. It reported 60 employees.