Brookings Futbol Club

Analysis

Brookings Futbol Club is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in April 2013, 13 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 June 2023, Brookings Futbol Club reported income of $399k and spending of $351k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $226k to $399k (+77%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 252%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brookings Futbol Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within SD. Charities of a similar size with the same main cause include Overland Park Soccer ($399k), Naples Flag Football League ($399k) and Pittsford Mustangs Soccer Club Inc ($398k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $55k. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $835k.