Tri-City United Soccer Club

Analysis

Tri-City United Soccer Club is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in August 2016, 10 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 July 2023, Tri-City United Soccer Club reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $897k to $1.5m (+71%), an average of +14% a year. The sharpest change came in the year to July 2021, when income rose by 71%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tri-City United Soccer Club 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 84th percentile, and in the 82nd percentile within ND. Charities of a similar size with the same main cause include North Baltimore Aquatic Club Inc ($1.5m), Summer Dreams ($1.5m) and California Amateur Hockey Association ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $147k (9.4% of expenses). Other salaries and wages came to $586k. At year end it held assets of $1.5m against liabilities of $1.8m, net assets of -$245k. It reported 81 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.