Maryland Fusion Soccer Inc

Analysis

Maryland Fusion Soccer Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in May 2019, 7 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, Maryland Fusion Soccer Inc reported income of $552k and spending of $420k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $552k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maryland Fusion Soccer Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include South Lyon Junior League Baseball and Softball ($552k), Rockland Gaelic Athletic Association Inc ($552k) and Tampa North Volleyball Club ($552k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $200k. At year end it held assets of $296k against liabilities of $0, net assets of $296k.