Brazas Futebol Club Inc

Analysis

Brazas Futebol Club Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2015, 11 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 April 2023, Brazas Futebol Club Inc reported income of $517k and spending of $483k, spending 93% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $398k to $517k (+30%), an average of +6.8% a year. The sharpest change came in the year to April 2023, when income rose by 57%. 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, Brazas Futebol Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include World Ice Association Inc ($517k), South West Aquatic Team ($518k) and Kankakee County Fair & Exposition Inc ($517k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $57k (12% of expenses). At year end it held assets of $95k against liabilities of $0, net assets of $95k. It reported 16 employees.