Football Club Boston Inc

Analysis

Football Club Boston Inc is a registered charity in United States, based in Auburn, MA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Football Club Boston Inc reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.0m to $2.3m (+120%), an average of +22% a year. The sharpest change came in the year to July 2023, when income rose by 72%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Football Club Boston Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Wvsa Booster Club ($2.3m), Katy Aquatic Team for Youth Inc ($2.3m) and National Speleological Society ($2.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $261k (11% of expenses). Other salaries and wages came to $496k. At year end it held assets of $1.2m against liabilities of $1.8m, net assets of -$592k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.