Cook Inlet Soccer Club

Analysis

Cook Inlet Soccer Club is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1992, 34 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 August 2023, Cook Inlet Soccer Club reported income of $1.4m and spending of $1.1m, leaving 21% of income unspent that year. Across the 6 years on record, from August 2018 to August 2023, income grew from $1.0m to $1.4m (+39%), an average of +6.8% a year. The sharpest change came in the year to August 2023, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cook Inlet 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 82nd percentile within AK. Charities of a similar size with the same main cause include National Capital Soccer League Inc ($1.4m), United Federation of Doll Clubs Inc ($1.4m) and Evanston Soccer Association ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $51k (4.5% of expenses). Other salaries and wages came to $291k. At year end it held assets of $648k against liabilities of $64k, net assets of $585k. It reported 5 employees.