Katy Football Association Inc

Analysis

Katy Football Association Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in September 2023, 3 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 December 2022, Katy Football Association Inc reported income of $703k and spending of $375k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $540k to $703k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Katy Football Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Badger Swim Club Inc ($703k), Brentwood Youth Soccer Club Inc ($704k) and Washington Junior Golf Association ($703k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.1% and program service revenue 84% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.