FC United Soccer Club Inc

Analysis

FC United Soccer Club Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in May 2024, 2 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 July 2023, FC United Soccer Club Inc reported income of $544k and spending of $407k, leaving 25% of income unspent that year. Across the 3 years on record, from July 2020 to July 2023, income grew from $393k to $544k (+38%), an average of +18% a year. The sharpest change came in the year to July 2023, when income rose by 25%. 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, FC United Soccer Club Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Outagamie County Fair Association ($544k), Ridgewood Baseball Association ($544k) and Hometown Hero Outdoors ($543k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $196k (48% of expenses). At year end it held assets of $376k against liabilities of $0, net assets of $376k. It reported 3 employees.