Largo United Soccer Club Inc

Analysis

Largo United Soccer Club Inc is a registered charity in United States, based in Pinellas Park, FL. It received its IRS tax-exemption ruling in March 1992, 34 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 April 2024, Largo United Soccer Club Inc reported income of $90k and spending of $101k, spending 112% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $428k to $90k (-79%), an average of -32% a year. The sharpest change came in the year to April 2021, when income dropped by 43%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Largo United Soccer Club Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Hydro District Free Fair Inc ($90k), Hancock Partners Inc ($90k) and Seyaa Inc ($90k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

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.