Ocean State Soccer School
Ocean State Soccer School: Modest Revenue, Consistent Asset Growth
EIN: 222496279 · N Kingstown, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $446K |
| Total Expenses | $396K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $617K |
| Transparency Score | 65/100 |
Is Ocean State Soccer School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean State Soccer School directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ocean State Soccer School
Ocean State Soccer School (EIN: 222496279) is a nonprofit organization based in N Kingstown, RI. The organization reported total revenue of $446K and total assets of $763K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean State Soccer School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean State Soccer School is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $396K |
| Surplus / Deficit | +$50K |
| Total Assets | $763K |
| Total Liabilities | $146K |
| Net Assets | $617K |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2024, Ocean State Soccer School reported a surplus of $50K with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Ocean State Soccer School's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +49.0% | +20.6% | +15.0% |
| 2023 | +4.8% | -4.8% | -1.6% |
| 2022 | +18.8% | +68.9% | -0.7% |
| 2021 | +80.4% | +14.8% | +9.0% |
| 2020 | -40.2% | -6.1% | -10.5% |
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 Ocean State Soccer School 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Ocean State Soccer School allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting the organization is run by volunteers.
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 Ocean State Soccer School's IRS 990 filings:
- The organization's revenue has fluctuated, with a significant jump in 2024 to $445,745, but no clear explanation for the increase is provided in the summary data.
- Despite consistent asset growth, the organization's net income (revenue minus expenses) has varied, with some years showing expenses exceeding revenue (e.g., 2023: $299,131 revenue vs. $328,366 expenses).
Strengths
The following positive indicators were identified for Ocean State Soccer School:
- Consistent asset growth from $645,005 in 2017 to $762,884 in 2024 demonstrates financial stability.
- The organization's reliance on volunteer leadership (0% compensation) suggests a high dedication to its mission and efficient use of funds.
- The organization has maintained operations and grown its assets over an extended period (2017-2024).
Frequently Asked Questions about Ocean State Soccer School
Is Ocean State Soccer School a legitimate charity?
Ocean State Soccer School (EIN: 222496279) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $446K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Ocean State Soccer School spend its money?
Ocean State Soccer School directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Ocean State Soccer School tax-deductible?
Ocean State Soccer School is registered as a tax-exempt nonprofit (EIN: 222496279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean State Soccer School CEO make?
Ocean State Soccer School's highest-compensated officer earns $0 annually. The organization reported $446K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean State Soccer School's spending goes to programs?
Ocean State Soccer School directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Ocean State Soccer School located?
Ocean State Soccer School is headquartered in N Kingstown, Rhode Island and files with the IRS under EIN 222496279.
How many years of IRS 990 filings does Ocean State Soccer School have?
Ocean State Soccer School 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 $446K in total revenue.
What does Ocean State Soccer School do?
Ocean State Soccer School is a nonprofit organization in the Unknown sector, located in N Kingstown, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Ocean State Soccer School have?
Ocean State Soccer School reported total revenue of $445,745. Based on 13 IRS 990 filings on record.
What are Ocean State Soccer School's total assets?
Ocean State Soccer School holds total assets of $762,884 as reported in IRS 990 filings.
Where is Ocean State Soccer School located?
Ocean State Soccer School is based in N Kingstown, Rhode Island.
What is Ocean State Soccer School's EIN?
Ocean State Soccer School's Employer Identification Number (EIN) is 222496279. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean State Soccer School?
Ocean State Soccer School is classified under NTEE code Unknown (Unknown).
Is Ocean State Soccer School a registered 501(c)(3)?
Ocean State Soccer School appears in IRS records (EIN: 222496279). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ocean State Soccer School file IRS Form 990?
Yes, Ocean State Soccer School has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Ocean State Soccer School's revenue in 2024?
In the 202406 filing period, Ocean State Soccer School reported total revenue of $445,745, total expenses of $395,915, and net assets of $762,884.
Is Ocean State Soccer School's revenue growing or declining?
Ocean State Soccer School's revenue is growing. Revenue went from $299,131 (202306) to $445,745 (202406), a +49.0% change. Based on 13 filings on record.
What is Ocean State Soccer School's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean State Soccer School covers tax period 202406. It shows revenue of $445,745, expenses of $395,915, total assets of $762,884, and liabilities of $146,055.
How much does Ocean State Soccer School spend on programs vs administration?
Based on IRS 990 analysis, Ocean State Soccer School allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Ocean State Soccer School a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean State Soccer School shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Ocean State Soccer School?
The following concerns were identified: The organization's revenue has fluctuated, with a significant jump in 2024 to $445,745, but no clear explanation for the increase is provided in the summary data.. Despite consistent asset growth, the organization's net income (revenue minus expenses) has varied, with some years showing expenses exceeding revenue (e.g., 2023: $299,131 revenue vs. $328,366 expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ocean State Soccer School's strengths?
Positive indicators for Ocean State Soccer School include: Consistent asset growth from $645,005 in 2017 to $762,884 in 2024 demonstrates financial stability.. The organization's reliance on volunteer leadership (0% compensation) suggests a high dedication to its mission and efficient use of funds.. The organization has maintained operations and grown its assets over an extended period (2017-2024).. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean State Soccer School compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting the organization is run by volunteers. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation, how does Ocean State Soccer School manage its operations and programs?
The consistent reporting of $0 for compensation across all years suggests that the organization is primarily run by volunteers, including its leadership. This model relies heavily on dedicated individuals contributing their time and skills without financial remuneration, which can be a strength in terms of cost efficiency but may also present challenges in scaling operations or ensuring long-term leadership continuity.
What factors contributed to the significant revenue increase from $299,131 in 2023 to $445,745 in 2024?
Without more detailed financial statements, it's difficult to pinpoint the exact reasons for the $146,614 revenue increase. Potential factors could include increased program enrollment, successful fundraising initiatives, new grants, or expanded offerings. Further investigation into their annual reports or program activities for 2024 would be necessary to understand this growth.
Filing History
IRS 990 filing history for Ocean State Soccer School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ocean State Soccer School's revenue has grown by 78.7%, moving from $249K to $446K. Total assets increased by 28.9% over the same period, from $592K to $763K. Total functional expenses rose by 99.2%, from $199K to $396K. In its most recent filing year (2024), Ocean State Soccer School reported a surplus of $50K, with revenue exceeding expenses. The organization holds $146K in liabilities against $763K in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $617K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $446K | $396K | $763K | $146K | — | — |
| 2023 | $299K | $328K | $663K | $96K | — | — |
| 2022 | $285K | $345K | $674K | $78K | — | View 990 |
| 2021 | $240K | $204K | $678K | $23K | — | View 990 |
| 2020 | $133K | $178K | $622K | $3K | — | View 990 |
| 2019 | $223K | $189K | $695K | $31K | — | View 990 |
| 2018 | $235K | $216K | $666K | $30K | — | View 990 |
| 2017 | $226K | $244K | $645K | $29K | — | View 990 |
| 2016 | $263K | $239K | $644K | $9K | — | View 990 |
| 2015 | $251K | $238K | $629K | $19K | — | View 990 |
| 2014 | $245K | $223K | $631K | $34K | — | View 990 |
| 2013 | $193K | $201K | $590K | $16K | — | View 990 |
| 2012 | $249K | $199K | $592K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $446K, expenses of $396K, and assets of $763K (revenue +49.0% year-over-year).
- 2023: Revenue of $299K, expenses of $328K, and assets of $663K (revenue +4.8% year-over-year).
- 2022: Revenue of $285K, expenses of $345K, and assets of $674K (revenue +18.8% year-over-year).
- 2021: Revenue of $240K, expenses of $204K, and assets of $678K (revenue +80.4% year-over-year).
- 2020: Revenue of $133K, expenses of $178K, and assets of $622K (revenue -40.2% year-over-year).
- 2019: Revenue of $223K, expenses of $189K, and assets of $695K (revenue -5.4% year-over-year).
- 2018: Revenue of $235K, expenses of $216K, and assets of $666K (revenue +4.3% year-over-year).
- 2017: Revenue of $226K, expenses of $244K, and assets of $645K (revenue -14.4% year-over-year).
- 2016: Revenue of $263K, expenses of $239K, and assets of $644K (revenue +4.9% year-over-year).
- 2015: Revenue of $251K, expenses of $238K, and assets of $629K (revenue +2.4% year-over-year).
- 2014: Revenue of $245K, expenses of $223K, and assets of $631K (revenue +26.9% year-over-year).
- 2013: Revenue of $193K, expenses of $201K, and assets of $590K (revenue -22.5% year-over-year).
- 2012: Revenue of $249K, expenses of $199K, and assets of $592K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean State Soccer School:
Data Sources and Methodology
This transparency report for Ocean State Soccer School 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.