Valeo Futbol Club Inc

Analysis

Valeo Futbol Club Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in June 2009, 17 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, Valeo Futbol Club Inc reported income of $2.4m and spending of $3.6m, spending 147% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $3.2m to $2.4m (-23%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 114% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Valeo Futbol Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Renaissance Youth Center ($2.4m), Ambassadors for Christ Youthministries ($2.4m) and Boy Scouts of America ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 40% of the total. Other salaries and wages came to $703k. At year end it held assets of $259k against liabilities of $338k, net assets of -$79k.

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.