Holston Valley Futbol Club

Analysis

Holston Valley Futbol Club is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in August 1980, 46 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 2024, Holston Valley Futbol Club reported income of $355k and spending of $364k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $153k to $355k (+131%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 127%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Holston Valley Futbol Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include East Valley Youth Baseball & Softball ($354k), Spartans Sports Camp Inc ($355k) and District 112 Youth Baseball Association ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Other salaries and wages came to $123k. At year end it held assets of $318k against liabilities of $2,148, net assets of $316k. It reported 6 employees.