Tophat Soccer Club Ltd

Analysis

Tophat Soccer Club Ltd is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Tophat Soccer Club Ltd reported income of $795k and spending of $888k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $649k to $795k (+22%), an average of +5.2% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tophat Soccer Club Ltd sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Festival Ballet Theatre ($795k), St Louis PDC I ($795k) and Montana Coalition Against Domestic and Sexual Violence ($795k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $160k (18% of expenses). At year end it held assets of $681k against liabilities of $39k, net assets of $642k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.