Gallatin Elite Soccer Club

Analysis

Gallatin Elite Soccer Club is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in March 2024, 2 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, Gallatin Elite Soccer Club reported income of $604k and spending of $624k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $604k (+197%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gallatin Elite Soccer Club sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MT. Charities of a similar size with the same main cause include North Georgia United Soccer Club ($604k), Holani Hana Inc ($604k) and Dayton Raiders Facilities Inc ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,000 (1.0% of expenses). Other salaries and wages came to $97k. At year end it held assets of $132k against liabilities of $20k, net assets of $112k.