Bulls Soccer Club

Analysis

Bulls Soccer Club is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1994, 32 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 2023, Bulls Soccer Club reported income of $648k and spending of $623k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $648k (+248%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bulls Soccer Club sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within HI. Charities of a similar size with the same main cause include Capitol Squash Inc ($648k), The Virginia Rowing Association at the University of Virginia Inc ($648k) and Warrior House of Wny Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Other salaries and wages came to $285k. At year end it held assets of $341k against liabilities of $81k, net assets of $260k. It reported 10 employees.