Gremio Soccer Club

Analysis

Gremio Soccer Club is a registered charity in United States, based in North Ogden, UT. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Gremio Soccer Club reported income of $135k and spending of $126k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $135k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gremio Soccer Club sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within UT. Charities of a similar size with the same main cause include Main Line Athletics Inc ($135k), Branded Fitness ($135k) and Reach Higher Kings ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $25k against liabilities of $141, net assets of $25k.