Boreal Futbol Club

Analysis

Boreal Futbol Club is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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, Boreal Futbol Club reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $697k to $1.4m (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boreal Futbol Club sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Council for Prevention Inc ($1.4m), Habitat for Humantiy International Inc ($1.4m) and Sepa Mujer Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $55k (3.8% of expenses). Other salaries and wages came to $20k. At year end it held assets of -$78k against liabilities of $46k, net assets of -$124k. It reported 2 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.