Club Champions League

Analysis

Club Champions League is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Club Champions League reported income of $757k and spending of $700k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.5m to $757k (-49%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Club Champions League sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Illinois State Usbc ($757k), Peninsula Youth Sailing Foundation ($757k) and Athletic Club of Tampa Inc ($755k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $69k (9.9% of expenses). It paid $9,480 in professional fundraising fees. At year end it held assets of $578k against liabilities of $274k, net assets of $304k. It reported 1 employees.