Gulf Coast United Soccer Club Inc

Analysis

Gulf Coast United Soccer Club Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in July 1998, 28 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 May 2023, Gulf Coast United Soccer Club Inc reported income of $1.0m and spending of $983k, spending 97% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $551k to $1.0m (+84%), an average of +22% a year. The sharpest change came in the year to May 2022, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gulf Coast United Soccer Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Casa Soccer League ($1.0m), Thunder Youth Hockey ($1.0m) and Colorado Springs Youth Sports Complex Inc ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Other salaries and wages came to $242k. At year end it held assets of $339k against liabilities of $214k, net assets of $125k. It reported 8 employees.