United States Soccer Federation Inc

Analysis

United States Soccer Federation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1984, 42 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 March 2023, United States Soccer Federation Inc reported income of $149.2m and spending of $187.2m, spending 125% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $115.1m to $149.2m (+30%), an average of +6.7% a year. The sharpest change came in the year to March 2022, when income rose by 88%. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Soccer Federation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Pasadena Tournament of Roses Assn ($148.8m), Special Olympics Inc ($152.2m) and Central Park Conservancy Inc ($148.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $7.8m (4.2% of expenses). Other salaries and wages came to $65.2m. At year end it held assets of $152.4m against liabilities of $83.5m, net assets of $68.9m. It reported 1,389 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.