Team Footworks Educational & Fitness Corporation

Analysis

Team Footworks Educational & Fitness Corporation is a registered charity in United States, based in South Miami, FL. It received its IRS tax-exemption ruling in November 1994, 32 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 2024, Team Footworks Educational & Fitness Corporation reported income of $2.6m and spending of $2.7m, spending 106% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $3.2m to $2.6m (-19%), an average of -4.1% a year. The sharpest change came in the year to May 2022, when income rose by 286%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Footworks Educational & Fitness Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Elk Grove Youth Soccer League ($2.6m), Seminole Soccer Club Inc ($2.6m) and Pettit National Ice Center Inc ($2.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $187k (6.9% of expenses). Other salaries and wages came to $740k. At year end it held assets of $420k against liabilities of $225k, net assets of $195k. It reported 33 employees.