Friends Of@pittsburgh Professional Soccer

Analysis

Friends Of@pittsburgh Professional Soccer is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Of@pittsburgh Professional Soccer reported income of $1.1m and spending of $1.4m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $1.1m (+500%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 629%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends Of@pittsburgh Professional Soccer sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Lake Crystal Area Recreation Center Association Inc ($1.1m), Project Backboard ($1.1m) and Knothole Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $5.5m against liabilities of $4.2m, net assets of $1.3m.