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
Is North Whidbey Soccer Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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.
AI Transparency Report
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.
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?
Based on AI analysis of IRS 990 filings, North Whidbey Soccer Club (EIN: 202437359) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does North Whidbey Soccer Club spend its money?
North Whidbey Soccer Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $257K | $146K | $627 | — | View 990 |
| 2022 | $198K | $214K | $187K | $0 | — | View 990 |
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.