Washington Timbers Football Club

Analysis

Washington Timbers Football Club is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in December 2009, 17 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 May 2024, Washington Timbers Football Club reported income of $3.1m and spending of $3.0m, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.4m to $3.1m (+32%), an average of +5.6% a year. The sharpest change came in the year to May 2022, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington Timbers Football Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include St Croix Soccer Club Inc ($3.1m), Conference Point Camp Inc-Ntl Coun of Churches-Div of Christian Educ ($3.1m) and Tennis Outreach Programs of Puget Sound ($3.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $201k (6.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.7m against liabilities of $838k, net assets of $1.8m. It reported 88 employees.