Futbol Club of Cary Inc

Analysis

Futbol Club of Cary Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Futbol Club of Cary Inc reported income of $180k and spending of $206k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $275k to $180k (-35%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Futbol Club of Cary Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Mid-New Jersey Youth Soccer Association Inc ($180k), Dickinson Baseball Club Inc ($180k) and Missoula Horse Council ($180k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $101k (49% of expenses). At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 2 employees.