Chattanooga FC Foundation

Analysis

Chattanooga FC Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Chattanooga FC Foundation reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $843k to $1.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chattanooga FC Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Palo Alto Swim Club ($1.5m), Alpharetta Ambush Soccer Club Inc ($1.5m) and Highlands County Fair Association Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 15% of the total. Other salaries and wages came to $491k. At year end it held assets of $3.8m against liabilities of $139k, net assets of $3.6m. It reported 30 employees.