Oceanside Soccer Club

Analysis

Oceanside Soccer Club is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in August 1983, 43 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 March 2023, Oceanside Soccer Club reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.0m to $1.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to March 2022, when income rose by 66%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oceanside Soccer Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Learning Lab Inc ($1.3m), On Our Own of Maryland Inc ($1.3m) and Mt Hood Ski Education Foundation Inc ($1.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $123k (11% of expenses). Other salaries and wages came to $445k. At year end it held assets of $481k against liabilities of $3,633, net assets of $477k. It reported 39 employees.