Seattle United FC

Analysis

Seattle United FC is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. 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 March 2023, Seattle United FC reported income of $5.4m and spending of $5.9m, spending 108% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $4.4m to $5.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to March 2022, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seattle United FC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Rutledge Youth Foundation Inc ($5.4m), Burlington School Inc ($5.4m) and Franciscan Outreach ($5.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $153k (2.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.3m against liabilities of $1.2m, net assets of $2.1m. It reported 144 employees.