Mount Rainier Futbol Club

Analysis

Mount Rainier Futbol Club is a registered charity in United States, based in Buckley, WA. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Mount Rainier Futbol Club reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $869k to $1.8m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mount Rainier Futbol Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Pretty Lake Vacation Camp ($1.8m), Wisconsin Amateur Hockey Association Inc ($1.8m) and River Forest Community Center ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $32k (1.7% of expenses). Other salaries and wages came to $329k. At year end it held assets of $51k against liabilities of $512k, net assets of -$461k. It reported 5 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.