Los Angeles United Futbol Academy

Analysis

Los Angeles United Futbol Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 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 June 2023, Los Angeles United Futbol Academy reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $235k to $1.2m (+399%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 178%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles United Futbol Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Superior Hiking Trail Association ($1.2m), Scioto Hills Baptist Camp Inc ($1.2m) and Nelson Hockey Association Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $8,309, net assets of $3,991.