FC Cincinnati Foundation

Analysis

FC Cincinnati Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2018, 8 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, FC Cincinnati Foundation reported income of $2.7m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $723k to $2.7m (+268%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Cincinnati Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Temecula United Soccer Club Inc ($2.7m), Anchorage Sportsplex Inc ($2.7m) and Galaxy Soccer Club ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $288k. At year end it held assets of $904k against liabilities of $149k, net assets of $755k.