Millennium Futbol Club

Analysis

Millennium Futbol Club is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in December 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 June 2024, Millennium Futbol Club reported income of $274k and spending of $232k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $121k to $274k (+126%), an average of +126% a year. The sharpest change came in the year to June 2024, when income rose by 126%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Millennium Futbol Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Cincinnati West Soccer Club Inc ($274k), Stafford Aquatics Team Inc ($274k) and Almaden Little League ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 3.4% of the total. At year end it held assets of $249k against liabilities of $118k, net assets of $131k.