New England Futbol Club Inc

Analysis

New England Futbol Club Inc is a registered charity in United States, based in Mendon, MA. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, New England Futbol Club Inc reported income of $10.3m and spending of $9.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $10.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New England Futbol Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Metro Atlantic Athletic Conference ($10.3m), Special Olympics Southern California Inc ($10.4m) and United States Hunter Jumper Association Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Other salaries and wages came to $539k. At year end it held assets of $13.5m against liabilities of $3.0m, net assets of $10.5m. It reported 59 employees.