Hoosier Futbol Club Inc

Analysis

Hoosier Futbol Club Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in February 2003, 23 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 May 2024, Hoosier Futbol Club Inc reported income of $1.7m and spending of $1.4m, spending 80% of its income. Across the 6 years on record, from December 2019 to May 2024, income grew from $1.0m to $1.7m (+73%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 428%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoosier Futbol Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Lamorinda Volleyball Club ($1.7m), Girls on the Run Chicago Inc ($1.7m) and California Collegiate Athletic Association ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $223k (16% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.6m against liabilities of $76k, net assets of $1.5m. It reported 5 employees.