FC Elite Ltd

Analysis

FC Elite Ltd is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in September 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 2023, FC Elite Ltd reported income of $136k and spending of $225k, spending 166% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $289k to $136k (-53%), an average of -22% a year. The sharpest change came in the year to May 2023, when income dropped by 73%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Elite Ltd sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include Arizona Future Stars ($136k), Rogers Otsego Softball Association ($136k) and Skyline Youth Football and Cheer Organization ($136k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 31% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $49k (22% of expenses). At year end it held assets of $105k against liabilities of $0, net assets of $105k.