Thistle Football Club

Analysis

Thistle Football Club is a registered charity in United States, based in Kearny, NJ. It received its IRS tax-exemption ruling in April 2015, 11 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 August 2023, Thistle Football Club reported income of $638k and spending of $677k, spending 106% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income grew from $201k to $638k (+217%), an average of +78% a year. The sharpest change came in the year to August 2022, when income rose by 108%. 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, Thistle Football 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 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Hagerstown Ice Amateur Athletic Association Inc ($638k), Kootenai Youth Recreation Organization Inc ($639k) and Southeastern Clubs Champions League Inc ($638k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Other salaries and wages came to $308k. At year end it held assets of $152k against liabilities of $0, net assets of $152k.