North Whidbey Soccer Club

North Whidbey Soccer Club consistently operates at a deficit, with assets declining significantly.

EIN: 202437359 · Oak Harbor, WA · NTEE: O50 · Updated: 2026-03-28

$269KRevenue
$265KGross Revenue
$58KAssets
70/100Mission Score (Good)
O50

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North Whidbey Soccer Club Financial Summary
MetricValue
Total Revenue$269K
Total Expenses$257K
Program Spending85%
Net Assets$145K
Transparency Score70/100

Search Intent Cockpit

North Whidbey Soccer Club Form 990, Revenue, CEO Pay, and IRS Filing Signals

North Whidbey Soccer Club is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around North Whidbey Soccer Club in one place.

Form 990 Filing Summary

2 filing years are available, with latest revenue of $214K and expenses of $257K.

Revenue and Expenses

North Whidbey Soccer Club reported $214K in revenue and $257K in expenses, a deficit of $43K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.

Is North Whidbey Soccer Club Legit?

Some Concerns

LimitedFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
2Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

North Whidbey Soccer Club Expense Deployment
Program services$218K (85%)

Across stored filings, North Whidbey Soccer Club shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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North Whidbey Soccer Club Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsLimited filing record; 3 red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade B2 stored filing years
Peer contextCompare with Okanogan Regional HumaneWashington and Category O context

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North Whidbey Soccer Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About North Whidbey Soccer Club

North Whidbey Soccer Club (EIN: 202437359) is a nonprofit organization based in Oak Harbor, WA, classified under NTEE code O50. The organization reported total revenue of $269K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Whidbey Soccer Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

9Years Operating
SmallSize Classification
2Years of Filings
StableRevenue Trajectory

North Whidbey Soccer Club is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 8.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$214K
Total Expenses$257K
Surplus / Deficit$-42,533
Total Assets$146K
Total Liabilities$627
Net Assets$145K
Operating Margin-19.8%
Debt-to-Asset Ratio0.4%
Months of Reserves6.8 months

Financial Health Grade: B

In 2023, North Whidbey Soccer Club reported a deficit of $43K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).

Financial Trends

Over 2 years of filings (2022–2023), North Whidbey Soccer Club's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.

YearRevenue ChangeExpense ChangeAsset Change
2023+8.3%+20.1%-22.4%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2017

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

North Whidbey Soccer Club demonstrates a consistent commitment to its mission of providing soccer programs, as evidenced by its program spending. The organization reported total revenue of $269,088 in its latest filing, with assets of $58,176. While the club's revenue has shown growth over the past two periods, increasing from $197,948 in 2022 to $214,352 in 2023, it has also consistently operated at a deficit, with expenses exceeding revenue in both reported periods ($256,885 vs $214,352 in 2023 and $213,941 vs $197,948 in 2022). This trend of spending more than it earns could be a concern for long-term financial stability if not addressed. The significant decrease in assets from $145,546 in 2023 to $58,176 in the latest period, alongside an increase in liabilities from $0 in 2022 to $627 in 2023, warrants further investigation into the club's financial management practices. The organization's transparency is commendable given its small size, with no reported officer compensation, suggesting resources are directed towards its programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Whidbey Soccer Club with a Mission Score of 70 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: 10%
  • programs: 85%
  • fundraising: 5%

According to IRS 990 filings, North Whidbey 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:

$214KTotal Revenue
$257KTotal Expenses
$146KTotal Assets
$627Total Liabilities
$145KNet Assets
  • The organization reported a deficit of $43K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 0.4%.

Executive Compensation Analysis

No officer compensation was reported in either the 2022 or 2023 filings, indicating that the organization's leadership is likely volunteer-based, which is common for smaller, community-focused nonprofits and suggests efficient use of funds.

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 North Whidbey Soccer Club's IRS 990 filings:

  • Consistent operating deficits (expenses exceeding revenue in both reported periods)
  • Significant decline in assets from $145,546 to $58,176 in the latest period
  • Increase in liabilities from $0 to $627, though still low, indicates a shift from zero debt.

Strengths

The following positive indicators were identified for North Whidbey Soccer Club:

  • No reported officer compensation, indicating volunteer leadership and efficient use of funds for programs.
  • Focus on community sports (NTEE O50) aligns with direct program delivery.
  • Revenue growth from $197,948 to $214,352 between 2022 and 2023, though not enough to cover expenses.

Frequently Asked Questions about North Whidbey Soccer Club

Is North Whidbey Soccer Club a legitimate charity?

North Whidbey Soccer Club (EIN: 202437359) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 70/100. It has 2 years of IRS 990 filings on record. Total revenue: $269K. 3 red flags identified. 3 strengths noted. Financial health grade: B.

How does North Whidbey Soccer Club spend its money?

North Whidbey Soccer Club directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to North Whidbey Soccer Club tax-deductible?

North Whidbey Soccer Club is registered as a tax-exempt nonprofit (EIN: 202437359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of North Whidbey Soccer Club's spending goes to programs?

North Whidbey Soccer Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does North Whidbey Soccer Club compare to similar nonprofits?

With a transparency score of 70/100 (Good), North Whidbey Soccer Club is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is North Whidbey Soccer Club located?

North Whidbey Soccer Club is headquartered in Oak Harbor, Washington and files with the IRS under EIN 202437359. It is classified under NTEE code O50.

How many years of IRS 990 filings does North Whidbey Soccer Club have?

North Whidbey Soccer Club has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $269K in total revenue.

Is North Whidbey Soccer Club financially sustainable given its consistent operating deficits?

The club has reported expenses exceeding revenue in both available periods ($256,885 vs $214,352 in 2023 and $213,941 vs $197,948 in 2022). This consistent deficit spending, coupled with a significant decline in assets from $145,546 to $58,176, raises concerns about its long-term financial sustainability without a change in financial strategy.

What caused the substantial decrease in assets from $145,546 to $58,176?

The filings indicate a sharp drop in assets between the 2023 period and the latest reported period. Without more detailed financial statements, the specific reasons for this decline are unclear and would require further inquiry into the organization's balance sheet changes.

How does the organization plan to address its operating deficits?

The IRS 990 forms do not provide details on future financial planning. Given the consistent deficits, the organization would ideally have a strategy to increase revenue or reduce expenses to achieve financial stability.

Filing History

IRS 990 filing history for North Whidbey Soccer Club showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2022–2023), North Whidbey Soccer Club's revenue has grown by 8.3%, moving from $198K to $214K. Total assets decreased by 22.4% over the same period, from $187K to $146K. Total functional expenses rose by 20.1%, from $214K to $257K. In its most recent filing year (2023), North Whidbey Soccer Club reported a deficit of $43K, with expenses exceeding revenue. The organization holds $627 in liabilities against $146K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $145K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $214K $257K $146K $627 View 990
2022 $198K $214K $187K $0 View 990

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for North Whidbey Soccer Club:

2023 Filing 2022 Filing

Data Sources and Methodology

This transparency report for North Whidbey 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.

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