Strictly Soccer Futbol Club Inc

Analysis

Strictly Soccer Futbol Club Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2024, Strictly Soccer Futbol Club Inc reported income of $84k and spending of $255k, spending 305% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $324k to $84k (-74%), an average of -24% a year. The sharpest change came in the year to May 2024, when income dropped by 80%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Strictly Soccer Futbol Club Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Hallock Youth Hockey Association Inc ($83k), Regents of the University of Minnesota ($84k) and Armstrong Community Outreach Foundation ($83k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $2,300 (0.9% of expenses). Other salaries and wages came to $7,700. At year end it held assets of $161k against liabilities of $0, net assets of $161k. It reported 3 employees.