Farwest United Futbal Club

Analysis

Farwest United Futbal Club is a registered charity in United States, based in LA Crescenta, CA. It received its IRS tax-exemption ruling in August 2018, 8 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 December 2023, Farwest United Futbal Club reported income of $100k and spending of $79k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $100k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Farwest United Futbal Club sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Livermore Area Recreation and Park Distict Foundation ($100k), Western Kiwanis Youth Baseball Inc ($100k) and Pike Township Swim Club Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $1,610, net assets of $32k.