Revere FC

Analysis

Revere FC is a registered charity in United States, based in Revere, MA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Revere FC reported income of $149k and spending of $165k, spending 111% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $159k to $149k (-6.5%), an average of -6.5% a year. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Revere FC sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include All Yonkers Youth Athletics Inc ($149k), Minnewaska Area Baseball Association ($149k) and Longville Lakes Area Snowmobile Club Inc ($149k).

On its Form 990-EZ for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $7,308 against liabilities of $0, net assets of $7,308.