Albion Hurricanes F C

Analysis

Albion Hurricanes F C is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2023, Albion Hurricanes F C reported income of $7.7m and spending of $6.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.7m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albion Hurricanes F C sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Mission Viejo Pateadores Inc ($7.7m), Young Judaea Camp Tel Yehudah Inc ($7.7m) and Pittsburgh Three Rivers Marathon Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $354k (5.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $12.6m against liabilities of $4.0m, net assets of $8.5m. It reported 73 employees.