Rio Soccer Club

Analysis

Rio Soccer Club is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 1999, 27 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, Rio Soccer Club reported income of $984k and spending of $956k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $984k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. 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, Rio Soccer Club 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 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Woodhaven Camp Ground Association Inc ($984k), Sonoma County Childrens Charities Inc ($985k) and Akron Parks Collaborative ($983k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 88% of the total. Other salaries and wages came to $301k. At year end it held assets of $680k against liabilities of $437k, net assets of $243k. It reported 9 employees.