Folsom Soccer Club

Analysis

Folsom Soccer Club is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in December 1981, 45 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 2022, Folsom Soccer Club reported income of $1.9m and spending of $1.6m, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.9m (+32%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Folsom Soccer Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Gulls Amateur Hockey Association ($1.9m), Stafford Area Soccer Association Inc ($1.9m) and California Youth Soccer Association Inc ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $82k (5.1% of expenses). Other salaries and wages came to $530k. At year end it held assets of $1.8m against liabilities of $919, net assets of $1.8m. It reported 49 employees.