Beach Futbol Club

Analysis

Beach Futbol Club is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in February 1998, 28 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 2022, Beach Futbol Club reported income of $6.1m and spending of $5.6m, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $3.4m to $6.1m (+76%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beach Futbol Club sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Foundation of Shalom Park Inc ($6.0m), Solar Soccer Club ($6.1m) and Amateur Trapshooting Association of America ($6.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $84k (1.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $49k, net assets of $2.3m. It reported 10 employees.