Lacey Soccer Club Inc
Lacey Soccer Club Inc: Revenue Growth, but Spending Breakdown Opaque
EIN: 222127137 · Forked River, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $202K |
| Program Spending | 70% |
| Transparency Score | 65/100 |
Is Lacey Soccer Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lacey Soccer Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lacey Soccer Club Inc
Lacey Soccer Club Inc (EIN: 222127137) is a nonprofit organization based in Forked River, NJ. The organization reported total revenue of $198K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lacey Soccer Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lacey Soccer Club Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $202K |
| Surplus / Deficit | $-9,778 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -5.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2024, Lacey Soccer Club Inc reported a deficit of $10K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), Lacey Soccer Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +70.7% | +16.6% | — |
| 2023 | +100.4% | +490.6% | — |
| 2022 | -35.8% | -76.5% | -100.0% |
| 2021 | -48.2% | -4.4% | -26.5% |
| 2020 | -11.9% | -22.2% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lacey Soccer Club Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Lacey Soccer Club Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lacey Soccer Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes it impossible to verify program spending percentage.
- Consistent reporting of $0 assets and liabilities in recent years (2022-2024) raises questions about financial reporting accuracy or completeness.
- The provided data does not include information on executive compensation, which is a common red flag for transparency.
Strengths
The following positive indicators were identified for Lacey Soccer Club Inc:
- Consistent revenue generation over several years, with a notable increase from $56,193 in 2022 to $192,282 in 2024.
- The organization has been active for a significant period, indicating established community presence.
Frequently Asked Questions about Lacey Soccer Club Inc
Is Lacey Soccer Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lacey Soccer Club Inc (EIN: 222127137) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Lacey Soccer Club Inc spend its money?
Lacey Soccer Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lacey Soccer Club Inc tax-deductible?
Lacey Soccer Club Inc is registered as a tax-exempt nonprofit (EIN: 222127137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lacey Soccer Club Inc's spending goes to programs?
Lacey Soccer Club Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Lacey Soccer Club Inc located?
Lacey Soccer Club Inc is headquartered in Forked River, New Jersey and files with the IRS under EIN 222127137.
How many years of IRS 990 filings does Lacey Soccer Club Inc have?
Lacey Soccer Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $198K in total revenue.
What does Lacey Soccer Club Inc do?
Lacey Soccer Club Inc is a nonprofit organization in the Unknown sector, located in Forked River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Lacey Soccer Club Inc have?
Lacey Soccer Club Inc reported total revenue of $198,324. Based on 13 IRS 990 filings on record.
What are Lacey Soccer Club Inc's total assets?
Lacey Soccer Club Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Lacey Soccer Club Inc located?
Lacey Soccer Club Inc is based in Forked River, New Jersey.
What is Lacey Soccer Club Inc's EIN?
Lacey Soccer Club Inc's Employer Identification Number (EIN) is 222127137. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lacey Soccer Club Inc?
Lacey Soccer Club Inc is classified under NTEE code Unknown (Unknown).
Is Lacey Soccer Club Inc a registered 501(c)(3)?
Lacey Soccer Club Inc appears in IRS records (EIN: 222127137). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lacey Soccer Club Inc file IRS Form 990?
Yes, Lacey Soccer Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202404.
What was Lacey Soccer Club Inc's revenue in 2024?
In the 202404 filing period, Lacey Soccer Club Inc reported total revenue of $192,282, total expenses of $202,060, and net assets of N/A.
Is Lacey Soccer Club Inc's revenue growing or declining?
Lacey Soccer Club Inc's revenue is growing. Revenue went from $112,619 (202304) to $192,282 (202404), a +70.7% change. Based on 13 filings on record.
What is Lacey Soccer Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lacey Soccer Club Inc covers tax period 202404. It shows revenue of $192,282, expenses of $202,060, total assets of N/A, and liabilities of N/A.
How much does Lacey Soccer Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Lacey Soccer Club Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Lacey Soccer Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lacey Soccer Club Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Lacey Soccer Club Inc?
The following concerns were identified: Lack of detailed expense breakdown in provided data makes it impossible to verify program spending percentage.. Consistent reporting of $0 assets and liabilities in recent years (2022-2024) raises questions about financial reporting accuracy or completeness.. The provided data does not include information on executive compensation, which is a common red flag for transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lacey Soccer Club Inc's strengths?
Positive indicators for Lacey Soccer Club Inc include: Consistent revenue generation over several years, with a notable increase from $56,193 in 2022 to $192,282 in 2024.. The organization has been active for a significant period, indicating established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Lacey Soccer Club Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 assets and liabilities in recent years, how does Lacey Soccer Club Inc manage its operational capital and financial obligations?
The consistent reporting of $0 for assets and liabilities in recent filings (2022-2024) is highly unusual for an active nonprofit. This could indicate that the organization operates on a very tight cash-flow basis, with immediate expenditure of all revenue, or that the provided data is incomplete regarding balance sheet items. Without further detail from full financial statements, it's difficult to ascertain their capital management strategy.
Filing History
IRS 990 filing history for Lacey Soccer Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lacey Soccer Club Inc's revenue has declined by 22%, moving from $247K to $192K. Total assets decreased by 100% over the same period, from $67K to $0. Total functional expenses fell by 12.1%, from $230K to $202K. In its most recent filing year (2024), Lacey Soccer Club Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $192K | $202K | $0 | $0 | — | — |
| 2023 | $113K | $173K | $0 | $0 | — | — |
| 2022 | $56K | $29K | $0 | $0 | — | View 990 |
| 2021 | $87K | $125K | $165K | $125K | — | — |
| 2020 | $169K | $130K | $224K | $0 | — | View 990 |
| 2019 | $192K | $168K | $186K | $0 | — | View 990 |
| 2018 | $215K | $177K | $162K | $0 | — | View 990 |
| 2017 | $175K | $129K | $124K | $0 | — | View 990 |
| 2016 | $228K | $177K | $77K | $0 | — | View 990 |
| 2015 | $151K | $162K | $33K | $7K | — | View 990 |
| 2014 | $243K | $234K | $47K | $10K | — | View 990 |
| 2013 | $209K | $226K | $46K | $17K | — | View 990 |
| 2012 | $247K | $230K | $67K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $192K, expenses of $202K, and assets of $0 (revenue +70.7% year-over-year).
- 2023: Revenue of $113K, expenses of $173K, and assets of $0 (revenue +100.4% year-over-year).
- 2022: Revenue of $56K, expenses of $29K, and assets of $0 (revenue -35.8% year-over-year).
- 2021: Revenue of $87K, expenses of $125K, and assets of $165K (revenue -48.2% year-over-year).
- 2020: Revenue of $169K, expenses of $130K, and assets of $224K (revenue -11.9% year-over-year).
- 2019: Revenue of $192K, expenses of $168K, and assets of $186K (revenue -11.0% year-over-year).
- 2018: Revenue of $215K, expenses of $177K, and assets of $162K (revenue +23.1% year-over-year).
- 2017: Revenue of $175K, expenses of $129K, and assets of $124K (revenue -23.2% year-over-year).
- 2016: Revenue of $228K, expenses of $177K, and assets of $77K (revenue +51.3% year-over-year).
- 2015: Revenue of $151K, expenses of $162K, and assets of $33K (revenue -37.8% year-over-year).
- 2014: Revenue of $243K, expenses of $234K, and assets of $47K (revenue +16.2% year-over-year).
- 2013: Revenue of $209K, expenses of $226K, and assets of $46K (revenue -15.4% year-over-year).
- 2012: Revenue of $247K, expenses of $230K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lacey Soccer Club Inc:
Data Sources and Methodology
This transparency report for Lacey Soccer Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.