Gloucester Baystars Football Club Inc

Analysis

Gloucester Baystars Football Club Inc is a registered charity in United States, based in Gloucester, VA. It received its IRS tax-exemption ruling in May 1997, 29 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, Gloucester Baystars Football Club Inc reported income of $234k and spending of $163k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $121k to $234k (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 223%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gloucester Baystars Football Club Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Saline Community Fair Association ($234k), Pend Oreille County Fair and Rodeo Association ($235k) and South Kitsap Soccer Club ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $15k (9.4% of expenses). At year end it held assets of $287k against liabilities of $62k, net assets of $225k.