Cobb Futbol Club

Analysis

Cobb Futbol Club is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in February 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 2024, Cobb Futbol Club reported income of $6.0m and spending of $5.6m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.2m to $6.0m (+44%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cobb Futbol Club sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Farm & Wilderness Foundation Inc ($6.0m), National Archery Association of the United States ($6.0m) and Leveling the Playing Field Inc ($6.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $532k (9.4% of expenses). Other salaries and wages came to $719k. At year end it held assets of $6.0m against liabilities of $2.3m, net assets of $3.7m. It reported 21 employees.