Brooklyn Futbol Foundation Inc

Analysis

Brooklyn Futbol Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Brooklyn Futbol Foundation Inc reported income of $117k and spending of $101k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $328k to $117k (-64%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brooklyn Futbol Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Iron Range Hockey Association Inc ($117k), US Professional Squash Association Foundation ($117k) and Avonworth Eagles ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $66k against liabilities of $145k, net assets of -$79k.