Wake Futbol Club Inc

Analysis

Wake Futbol Club Inc is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in December 2012, 14 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 April 2022, Wake Futbol Club Inc reported income of $3.3m and spending of $3.1m, spending 96% of its income. Across the 3 years on record, from April 2020 to April 2022, income grew from $2.0m to $3.3m (+65%), an average of +29% a year. The sharpest change came in the year to April 2022, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wake Futbol Club Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Minot Park Foundation ($3.3m), LA Roca Futbol Club ($3.3m) and Washingtons National Park Fund ($3.3m).

On its Form 990 for the period ending April 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $274k (8.7% of expenses). Other salaries and wages came to $106k. At year end it held assets of $246k against liabilities of $322k, net assets of -$76k. It reported 3 employees.