Wyckoff Torpedoes Soccer Club
Wyckoff Torpedoes Soccer Club: Strong Program Spending, but Transparency Lacking
EIN: 222442460 · Wyckoff, NJ · NTEE: N64 · Updated: 2026-04-04
Is Wyckoff Torpedoes Soccer Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wyckoff Torpedoes Soccer Club directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wyckoff Torpedoes Soccer Club
Wyckoff Torpedoes Soccer Club (EIN: 222442460) is a nonprofit organization based in Wyckoff, NJ, classified under NTEE code N64. The organization reported total revenue of $743K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wyckoff Torpedoes 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 Wyckoff Torpedoes 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: 11%
- programs: 89%
- fundraising: 0%
According to IRS 990 filings, Wyckoff Torpedoes Soccer Club allocates its expenses as follows: admin: 11%, programs: 89%, fundraising: 0%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness relative to the organization's size and mission.
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 Wyckoff Torpedoes Soccer Club's IRS 990 filings:
- Lack of detailed program expense breakdown in filings.
- Absence of executive compensation disclosure.
Strengths
The following positive indicators were identified for Wyckoff Torpedoes Soccer Club:
- Consistently high percentage of expenses dedicated to programs (89% in 2024).
- Healthy and growing asset base, reaching $1,128,417 in 2024.
- No reported fundraising expenses, indicating efficient operations.
Frequently Asked Questions about Wyckoff Torpedoes Soccer Club
Is Wyckoff Torpedoes Soccer Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Wyckoff Torpedoes Soccer Club (EIN: 222442460) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Wyckoff Torpedoes Soccer Club spend its money?
Wyckoff Torpedoes Soccer Club directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wyckoff Torpedoes Soccer Club tax-deductible?
Wyckoff Torpedoes Soccer Club is registered as a tax-exempt nonprofit (EIN: 222442460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Wyckoff Torpedoes Soccer Club do?
Wyckoff Torpedoes Soccer Club is a nonprofit organization in the Recreation & Sports sector, located in Wyckoff, New Jersey. It is classified under NTEE code N64.
How much revenue does Wyckoff Torpedoes Soccer Club have?
Wyckoff Torpedoes Soccer Club reported total revenue of $742,539. Based on 14 IRS 990 filings on record.
What are Wyckoff Torpedoes Soccer Club's total assets?
Wyckoff Torpedoes Soccer Club holds total assets of $1,128,417 as reported in IRS 990 filings.
Where is Wyckoff Torpedoes Soccer Club located?
Wyckoff Torpedoes Soccer Club is based in Wyckoff, New Jersey.
What is Wyckoff Torpedoes Soccer Club's EIN?
Wyckoff Torpedoes Soccer Club's Employer Identification Number (EIN) is 222442460. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wyckoff Torpedoes Soccer Club?
Wyckoff Torpedoes Soccer Club is classified under NTEE code N64 (Recreation & Sports).
Is Wyckoff Torpedoes Soccer Club a registered 501(c)(3)?
Yes, Wyckoff Torpedoes Soccer Club is recognized as a tax-exempt organization by the IRS. EIN: 222442460.
Does Wyckoff Torpedoes Soccer Club file IRS Form 990?
Yes, Wyckoff Torpedoes Soccer Club has 14 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Wyckoff Torpedoes Soccer Club's revenue in 2024?
In the 202408 filing period, Wyckoff Torpedoes Soccer Club reported total revenue of $776,050, total expenses of $698,796, and net assets of $993,278.
Is Wyckoff Torpedoes Soccer Club's revenue growing or declining?
Wyckoff Torpedoes Soccer Club's revenue is growing. Revenue went from $590,285 (202308) to $776,050 (202408), a +31.5% change. Based on 14 filings on record.
What is Wyckoff Torpedoes Soccer Club's most recent 990 filing?
The most recent IRS Form 990 filing for Wyckoff Torpedoes Soccer Club covers tax period 202408. It shows revenue of $776,050, expenses of $698,796, total assets of $993,278, and liabilities of $340,137.
How much does Wyckoff Torpedoes Soccer Club spend on programs vs administration?
Based on IRS 990 analysis, Wyckoff Torpedoes Soccer Club allocates approximately 89% of expenses to program services, 11% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Wyckoff Torpedoes Soccer Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Wyckoff Torpedoes Soccer Club appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Wyckoff Torpedoes Soccer Club?
The following concerns were identified: Lack of detailed program expense breakdown in filings.. Absence of executive compensation disclosure.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wyckoff Torpedoes Soccer Club's strengths?
Positive indicators for Wyckoff Torpedoes Soccer Club include: Consistently high percentage of expenses dedicated to programs (89% in 2024).. Healthy and growing asset base, reaching $1,128,417 in 2024.. No reported fundraising expenses, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Wyckoff Torpedoes Soccer Club compensate executives?
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the lack of specific program expense details, how does the organization ensure accountability for the effectiveness and impact of its soccer programs?
Without detailed program expense breakdowns, it's challenging to ascertain how the organization tracks and reports on the specific outcomes and impact of its soccer programs beyond general expenditure figures. Further inquiry into their internal reporting and impact assessment methodologies would be necessary.
Filing History
IRS 990 filing history for Wyckoff Torpedoes Soccer Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Wyckoff Torpedoes Soccer Club's revenue has grown by 235.3%, moving from $231K to $776K. Total assets increased by 75.9% over the same period, from $565K to $993K. Total functional expenses rose by 186.5%, from $244K to $699K. In its most recent filing year (2024), Wyckoff Torpedoes Soccer Club reported a surplus of $77K, with revenue exceeding expenses. The organization holds $340K in liabilities against $993K in assets (debt-to-asset ratio: 34.2%), resulting in net assets of $653K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $776K | $699K | $993K | $340K | — | View 990 |
| 2023 | $590K | $523K | $943K | $368K | — | View 990 |
| 2022 | $637K | $479K | $840K | $331K | — | View 990 |
| 2021 | $573K | $560K | $675K | $325K | — | View 990 |
| 2020 | $427K | $332K | $604K | $267K | — | View 990 |
| 2019 | $409K | $324K | $479K | $238K | — | View 990 |
| 2018 | $354K | $444K | $372K | $215K | — | View 990 |
| 2017 | $446K | $378K | $476K | $229K | — | View 990 |
| 2016 | $349K | $397K | $425K | $245K | — | View 990 |
| 2015 | $286K | $427K | $421K | $193K | — | View 990 |
| 2014 | $252K | $220K | $569K | $200K | — | View 990 |
| 2013 | $211K | $218K | $531K | $194K | — | View 990 |
| 2012 | $225K | $277K | $510K | $167K | — | View 990 |
| 2011 | $231K | $244K | $565K | $170K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $776K, expenses of $699K, and assets of $993K (revenue +31.5% year-over-year).
- 2023: Revenue of $590K, expenses of $523K, and assets of $943K (revenue -7.3% year-over-year).
- 2022: Revenue of $637K, expenses of $479K, and assets of $840K (revenue +11.1% year-over-year).
- 2021: Revenue of $573K, expenses of $560K, and assets of $675K (revenue +34.2% year-over-year).
- 2020: Revenue of $427K, expenses of $332K, and assets of $604K (revenue +4.5% year-over-year).
- 2019: Revenue of $409K, expenses of $324K, and assets of $479K (revenue +15.6% year-over-year).
- 2018: Revenue of $354K, expenses of $444K, and assets of $372K (revenue -20.8% year-over-year).
- 2017: Revenue of $446K, expenses of $378K, and assets of $476K (revenue +28.0% year-over-year).
- 2016: Revenue of $349K, expenses of $397K, and assets of $425K (revenue +22.0% year-over-year).
- 2015: Revenue of $286K, expenses of $427K, and assets of $421K (revenue +13.3% year-over-year).
- 2014: Revenue of $252K, expenses of $220K, and assets of $569K (revenue +19.2% year-over-year).
- 2013: Revenue of $211K, expenses of $218K, and assets of $531K (revenue -6.1% year-over-year).
- 2012: Revenue of $225K, expenses of $277K, and assets of $510K (revenue -2.7% year-over-year).
- 2011: Revenue of $231K, expenses of $244K, and assets of $565K.
Data Sources and Methodology
This transparency report for Wyckoff Torpedoes 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.