Cincinnati United Soccer Club

Analysis

Cincinnati United Soccer Club is a registered charity in United States, based in West Chester, OH. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2023, Cincinnati United Soccer Club reported income of $4.3m and spending of $4.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.3m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cincinnati United Soccer 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 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Joseph Center ($4.3m), South Carolina Charities Inc ($4.3m) and Neighborhood Club ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Other salaries and wages came to $509k. At year end it held assets of $3.9m against liabilities of $1.9m, net assets of $2.1m.