Real Colorado Soccer

Analysis

Real Colorado Soccer is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in February 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, Real Colorado Soccer reported income of $7.2m and spending of $7.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $7.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Real Colorado Soccer sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Goodwill Industries of the Berkshires and Southern Vermont in ($7.2m), Doane Academy ($7.2m) and Westside Atlanta Charter School Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $342k (4.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.0m against liabilities of $3.7m, net assets of $3.3m. It reported 31 employees.