Toledo Futbol Club Inc

Analysis

Toledo Futbol Club Inc is a registered charity in United States, based in Perrysburg, OH. It received its IRS tax-exemption ruling in February 2024, 2 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, Toledo Futbol Club Inc reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.5m to $2.0m (+33%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Toledo Futbol Club Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Pantego Camp Thurman Inc ($2.0m), Danville Area Community Center ($2.0m) and Central Coast Section California Interscholastic Federation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (4.5% of expenses). At year end it held assets of $609k against liabilities of $0, net assets of $609k.