Red Slopes Soccer Foundation

Analysis

Red Slopes Soccer Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in January 2017, 9 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 2023, Red Slopes Soccer Foundation reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $703k to $1.9m (+173%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 58% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Slopes Soccer Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Walter Schroeder Aquatic Center Ltd ($1.9m), Syracuse Northeast Community Center Inc ($1.9m) and William J Palmer Parks Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $384k. At year end it held assets of $2.0m against liabilities of $271k, net assets of $1.8m.