Needham Soccer Club
Needham Soccer Club: Strong Program Spending, Limited Transparency
EIN: 222529246 · Needham, MA · NTEE: N64Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Needham Soccer Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Needham Soccer Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Needham Soccer Club
Needham Soccer Club (EIN: 222529246) is a nonprofit organization based in Needham, MA, classified under NTEE code N64Z. The organization reported total revenue of $1.8M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Needham Soccer Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Needham Soccer Club is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$208K |
| Total Assets | $1.7M |
| Total Liabilities | $661K |
| Net Assets | $1.1M |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 38.3% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Needham Soccer Club reported a surplus of $208K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 38.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Needham Soccer Club's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | +22.3% | +15.1% |
| 2022 | +47.6% | +32.8% | +33.5% |
| 2021 | +92.1% | +35.8% | +7.2% |
| 2020 | -65.4% | -50.0% | -16.0% |
| 2019 | +16.3% | +1.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Needham Soccer Club with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Needham Soccer Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $208K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.3%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting no individual received over $100,000 in reportable compensation.
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 Needham Soccer Club's IRS 990 filings:
- Lack of detailed program reporting beyond general expense categories.
- Limited public information regarding governance and operational policies.
Strengths
The following positive indicators were identified for Needham Soccer Club:
- Consistent revenue generation over several years.
- Healthy asset base of $1,912,102 as of the latest filing.
- Low fundraising costs based on available data.
Frequently Asked Questions about Needham Soccer Club
Is Needham Soccer Club a legitimate charity?
Needham Soccer Club (EIN: 222529246) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Needham Soccer Club spend its money?
Needham Soccer Club directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Needham Soccer Club tax-deductible?
Needham Soccer Club is registered as a tax-exempt nonprofit (EIN: 222529246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Needham Soccer Club CEO make?
Needham Soccer Club's highest-compensated officer earns $100,000 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Needham Soccer Club's spending goes to programs?
Needham Soccer Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Needham Soccer Club compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Needham Soccer Club is above average for NTEE category N64Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Needham Soccer Club located?
Needham Soccer Club is headquartered in Needham, Massachusetts and files with the IRS under EIN 222529246. It is classified under NTEE code N64Z.
How many years of IRS 990 filings does Needham Soccer Club have?
Needham Soccer Club 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 $1.8M in total revenue.
What does Needham Soccer Club do?
Needham Soccer Club is a nonprofit organization in the Recreation & Sports sector, located in Needham, Massachusetts. It is classified under NTEE code N64Z.
How much revenue does Needham Soccer Club have?
Needham Soccer Club reported total revenue of $1,780,924. Based on 13 IRS 990 filings on record.
What are Needham Soccer Club's total assets?
Needham Soccer Club holds total assets of $1,912,102 as reported in IRS 990 filings.
Where is Needham Soccer Club located?
Needham Soccer Club is based in Needham, Massachusetts.
What is Needham Soccer Club's EIN?
Needham Soccer Club's Employer Identification Number (EIN) is 222529246. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Needham Soccer Club?
Needham Soccer Club is classified under NTEE code N64Z (Recreation & Sports).
Is Needham Soccer Club a registered 501(c)(3)?
Yes, Needham Soccer Club is recognized as a tax-exempt organization by the IRS. EIN: 222529246.
Does Needham Soccer Club file IRS Form 990?
Yes, Needham Soccer Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Needham Soccer Club's revenue in 2023?
In the 202306 filing period, Needham Soccer Club reported total revenue of $1,764,434, total expenses of $1,556,266, and net assets of $1,726,408.
Is Needham Soccer Club's revenue growing or declining?
Needham Soccer Club's revenue is growing. Revenue went from $1,463,488 (202206) to $1,764,434 (202306), a +20.6% change. Based on 13 filings on record.
What is Needham Soccer Club's most recent 990 filing?
The most recent IRS Form 990 filing for Needham Soccer Club covers tax period 202306. It shows revenue of $1,764,434, expenses of $1,556,266, total assets of $1,726,408, and liabilities of $661,385.
How much does Needham Soccer Club spend on programs vs administration?
Based on IRS 990 analysis, Needham Soccer Club allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Needham Soccer Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Needham Soccer Club appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Needham Soccer Club?
The following concerns were identified: Lack of detailed program reporting beyond general expense categories.. Limited public information regarding governance and operational policies.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Needham Soccer Club's strengths?
Positive indicators for Needham Soccer Club include: Consistent revenue generation over several years.. Healthy asset base of $1,912,102 as of the latest filing.. Low fundraising costs based on available data.. These findings are derived from AI analysis of the organization's financial filings.
How does Needham Soccer Club compensate executives?
Executive compensation is not reported in the provided data, suggesting no individual received over $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Needham Soccer Club ensure equitable access to its programs for all community members, especially those from lower-income households, given its substantial revenue?
While the financial data shows significant revenue, there is no specific information in the provided filings or general public data about scholarships, fee waivers, or other initiatives to support equitable access. Further investigation into program details would be needed.
What specific strategies does Needham Soccer Club employ to manage its liabilities, which have consistently been a significant portion of its assets, such as the $661,385 in liabilities against $1,726,408 in assets in 2023?
The provided data indicates consistent liabilities, but does not detail the nature of these liabilities (e.g., program-related, operational, capital). Without this breakdown, it's difficult to assess the specific management strategies, though the organization consistently maintains a positive net asset position.
Filing History
IRS 990 filing history for Needham Soccer Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Needham Soccer Club's revenue has grown by 68.3%, moving from $1.0M to $1.8M. Total assets increased by 142.9% over the same period, from $711K to $1.7M. Total functional expenses rose by 59.5%, from $976K to $1.6M. In its most recent filing year (2023), Needham Soccer Club reported a surplus of $208K, with revenue exceeding expenses. The organization holds $661K in liabilities against $1.7M in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $1.7M | $661K | — | — |
| 2022 | $1.5M | $1.3M | $1.5M | $643K | — | View 990 |
| 2021 | $991K | $958K | $1.1M | $458K | — | View 990 |
| 2020 | $516K | $705K | $1.0M | $416K | — | View 990 |
| 2019 | $1.5M | $1.4M | $1.2M | $427K | — | View 990 |
| 2018 | $1.3M | $1.4M | $1.2M | $491K | — | View 990 |
| 2017 | $1.4M | $1.5M | $1.2M | $390K | — | View 990 |
| 2016 | $1.9M | $1.8M | $1.5M | $460K | — | View 990 |
| 2015 | $1.8M | $1.6M | $1.3M | $372K | — | View 990 |
| 2014 | $1.6M | $1.4M | $1.2M | $61K | — | View 990 |
| 2013 | $1.5M | $1.3M | $1.1M | $63K | — | View 990 |
| 2012 | $1.3M | $1.1M | $885K | $97K | — | View 990 |
| 2011 | $1.0M | $976K | $711K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $1.7M (revenue +20.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.3M, and assets of $1.5M (revenue +47.6% year-over-year).
- 2021: Revenue of $991K, expenses of $958K, and assets of $1.1M (revenue +92.1% year-over-year).
- 2020: Revenue of $516K, expenses of $705K, and assets of $1.0M (revenue -65.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $1.2M (revenue +16.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.4M, and assets of $1.2M (revenue -5.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $1.2M (revenue -28.7% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $1.5M (revenue +7.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $1.3M (revenue +12.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $1.2M (revenue +5.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $1.1M (revenue +11.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $885K (revenue +26.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $976K, and assets of $711K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Needham Soccer Club:
Data Sources and Methodology
This transparency report for Needham Soccer Club 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.