Corona United Soccer Club

Analysis

Corona United Soccer Club is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in March 2005, 21 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 August 2023, Corona United Soccer Club reported income of $668k and spending of $594k, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $683k to $668k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to August 2020, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Corona United Soccer Club sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Edgemere Sparrow Point Recreation and Parks Council ($667k), Enhanced Life Options Group ($668k) and USA Youth and High School Rugby ($666k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $485k against liabilities of $0, net assets of $485k.