Carlsbad United FC

Analysis

Carlsbad United FC is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 1995, 31 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 January 2024, Carlsbad United FC reported income of $4.7m and spending of $4.8m, spending 103% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $3.1m to $4.7m (+50%), an average of +11% a year. The sharpest change came in the year to January 2022, when income rose by 99%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carlsbad United FC 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Mission Viejo Nadadores Foundation ($4.7m), Nathan Benderson Park Conservancy Inc ($4.7m) and U S Speedskating ($4.7m).

On its Form 990 for the period ending January 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $432k (8.9% of expenses). Other salaries and wages came to $953k. At year end it held assets of $1.4m against liabilities of $259k, net assets of $1.1m. It reported 20 employees.