Downtown United Soccer Club Inc

Analysis

Downtown United Soccer Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 May 2023, Downtown United Soccer Club Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.4m to $4.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to May 2022, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Downtown United Soccer Club Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include USA Clay Target League ($4.4m), Merchants Association of Columbia County Inc ($4.4m) and Washington County Fair Association ($4.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.8% and program service revenue 89% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $2.4m against liabilities of $1.1m, net assets of $1.3m. It reported 169 employees.