Illinois Futbol Club

Analysis

Illinois Futbol Club is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in May 2023, 3 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, Illinois Futbol Club reported income of $469k and spending of $464k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $248k to $469k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Illinois Futbol Club sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include North Platte Legion Baseball ($469k), Fairmount Soccer Association ($469k) and Palatine Swim Team ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $93k (20% of expenses). Other salaries and wages came to $70k. At year end it held assets of $99k against liabilities of $6,727, net assets of $93k. It reported 20 employees.