Belmont United Soccer Club

Analysis

Belmont United Soccer Club is a registered charity in United States, based in Belmont, CA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Belmont United Soccer Club reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $766k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Belmont United Soccer Club sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include The Boys and Girls Club of Greater Waterbury Inc ($1.2m), Big Brothers Big Sisters of Alaska ($1.2m) and Girls Incorporated of the Centralcoast ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $187k (14% of expenses). Other salaries and wages came to $737k. It paid $62k in professional fundraising fees. At year end it held assets of $516k against liabilities of $466k, net assets of $51k. It reported 31 employees.