Wayne Soccer Club Inc
Wayne Soccer Club Inc: Strong Program Spending, but Declining Revenue and Assets Raise Concerns
EIN: 223036930 · North Haledon, NJ · NTEE: N64 · Updated: 2026-04-04
About Wayne Soccer Club Inc
Wayne Soccer Club Inc (EIN: 223036930) is a nonprofit organization based in North Haledon, NJ, classified under NTEE code N64. The organization reported total revenue of $397K and total assets of $256K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayne Soccer Club Inc'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 Wayne Soccer Club Inc with a Mission Score of 75 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: 80%
- fundraising: 10%
According to IRS 990 filings, Wayne Soccer Club Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness.
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 Wayne Soccer Club Inc's IRS 990 filings:
- Total revenue has declined from $347,661 in 2024 to $317,320 in 2017, with significant fluctuations.
- Total assets have decreased from $213,628 in 2024 to $106,905 in 2017, indicating a shrinking financial base.
- Expenses have exceeded revenue in several years (e.g., 2022: $322,457 expenses vs. $254,353 revenue), suggesting potential operational deficits.
Strengths
The following positive indicators were identified for Wayne Soccer Club Inc:
- The organization consistently allocates a high percentage of its expenses to programs, indicating a focus on its mission.
- The club has a long operating history with financial data available since 2016, suggesting stability.
- Low administrative and fundraising costs imply efficient operations.
Frequently Asked Questions about Wayne Soccer Club Inc
What does Wayne Soccer Club Inc do?
Wayne Soccer Club Inc is a nonprofit organization in the Recreation & Sports sector, located in North Haledon, New Jersey. It is classified under NTEE code N64.
How much revenue does Wayne Soccer Club Inc have?
Wayne Soccer Club Inc reported total revenue of $397,222. Based on 10 IRS 990 filings on record.
What are Wayne Soccer Club Inc's total assets?
Wayne Soccer Club Inc holds total assets of $256,492 as reported in IRS 990 filings.
Where is Wayne Soccer Club Inc located?
Wayne Soccer Club Inc is based in North Haledon, New Jersey.
What is Wayne Soccer Club Inc's EIN?
Wayne Soccer Club Inc's Employer Identification Number (EIN) is 223036930. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wayne Soccer Club Inc?
Wayne Soccer Club Inc is classified under NTEE code N64 (Recreation & Sports).
Is Wayne Soccer Club Inc a registered 501(c)(3)?
Yes, Wayne Soccer Club Inc is recognized as a tax-exempt organization by the IRS. EIN: 223036930.
Does Wayne Soccer Club Inc file IRS Form 990?
Yes, Wayne Soccer Club Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Wayne Soccer Club Inc's revenue in 2024?
In the 202406 filing period, Wayne Soccer Club Inc reported total revenue of $347,661, total expenses of $274,019, and net assets of $213,628.
Is Wayne Soccer Club Inc's revenue growing or declining?
Wayne Soccer Club Inc's revenue is relatively stable. Revenue went from $339,313 (202306) to $347,661 (202406), a +2.5% change. Based on 10 filings on record.
What is Wayne Soccer Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wayne Soccer Club Inc covers tax period 202406. It shows revenue of $347,661, expenses of $274,019, total assets of $213,628, and liabilities of N/A.
How much does Wayne Soccer Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Wayne Soccer Club Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wayne Soccer Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wayne Soccer Club Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Wayne Soccer Club Inc?
The following concerns were identified: Total revenue has declined from $347,661 in 2024 to $317,320 in 2017, with significant fluctuations.. Total assets have decreased from $213,628 in 2024 to $106,905 in 2017, indicating a shrinking financial base.. Expenses have exceeded revenue in several years (e.g., 2022: $322,457 expenses vs. $254,353 revenue), suggesting potential operational deficits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wayne Soccer Club Inc's strengths?
Positive indicators for Wayne Soccer Club Inc include: The organization consistently allocates a high percentage of its expenses to programs, indicating a focus on its mission.. The club has a long operating history with financial data available since 2016, suggesting stability.. Low administrative and fundraising costs imply efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Wayne Soccer Club Inc compensate executives?
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the declining revenue and assets, what strategies are in place to ensure the long-term financial sustainability of Wayne Soccer Club Inc?
Without additional information on fundraising strategies or future financial plans, it's difficult to assess how the club plans to reverse the trend of declining revenue and assets to ensure long-term sustainability.
How does the club measure and report the impact of its programs, especially given the lack of detailed program service accomplishments in the provided filings?
The provided data does not offer insights into how Wayne Soccer Club Inc measures or reports the impact of its programs beyond the financial allocation, which is a key area for understanding its effectiveness.
Filing History
IRS 990 filing history for Wayne Soccer Club Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2024), Wayne Soccer Club Inc's revenue has grown by 51%, moving from $230K to $348K. Total assets increased by 92.9% over the same period, from $111K to $214K. Total functional expenses rose by 40.9%, from $194K to $274K. In its most recent filing year (2024), Wayne Soccer Club Inc reported a surplus of $74K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $348K | $274K | $214K | $0 | — | — |
| 2023 | $339K | $318K | $140K | $0 | — | — |
| 2022 | $254K | $322K | $119K | $0 | — | View 990 |
| 2021 | $299K | $218K | $187K | $0 | — | View 990 |
| 2020 | $166K | $158K | $107K | $0 | — | View 990 |
| 2019 | $222K | $204K | $99K | $0 | — | View 990 |
| 2017 | $317K | $448K | $107K | $0 | — | View 990 |
| 2016 | $321K | $207K | $237K | $0 | — | View 990 |
| 2015 | $276K | $263K | $123K | $0 | — | View 990 |
| 2014 | $230K | $194K | $111K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $348K, expenses of $274K, and assets of $214K (revenue +2.5% year-over-year).
- 2023: Revenue of $339K, expenses of $318K, and assets of $140K (revenue +33.4% year-over-year).
- 2022: Revenue of $254K, expenses of $322K, and assets of $119K (revenue -14.9% year-over-year).
- 2021: Revenue of $299K, expenses of $218K, and assets of $187K (revenue +79.5% year-over-year).
- 2020: Revenue of $166K, expenses of $158K, and assets of $107K (revenue -25.2% year-over-year).
- 2019: Revenue of $222K, expenses of $204K, and assets of $99K (revenue -29.9% year-over-year).
- 2017: Revenue of $317K, expenses of $448K, and assets of $107K (revenue -1.1% year-over-year).
- 2016: Revenue of $321K, expenses of $207K, and assets of $237K (revenue +16.4% year-over-year).
- 2015: Revenue of $276K, expenses of $263K, and assets of $123K (revenue +19.7% year-over-year).
- 2014: Revenue of $230K, expenses of $194K, and assets of $111K.
Data Sources and Methodology
This transparency report for Wayne 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.