Columbia United FC

Analysis

Columbia United FC is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 May 2023, Columbia United FC reported income of $3.2m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.0m to $3.2m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to May 2020, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbia United FC sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include William Temple House ($3.2m), California Green Business Network ($3.2m) and Florida Housing Coalition Inc ($3.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $65k (2.2% of expenses). Other salaries and wages came to $963k. At year end it held assets of $7.0m against liabilities of $3.8m, net assets of $3.2m. It reported 10 employees.