Legends Futbol Academy

Analysis

Legends Futbol Academy is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Legends Futbol Academy reported income of $52k and spending of $50k, spending 95% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $163k to $52k (-68%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Legends Futbol Academy sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Dallas Music Teachers Association ($52k), 4girls Organization Inc ($53k) and Exeter Youth Lacrosse Association Inc ($52k).

At year end it held assets of $27k against liabilities of $0, net assets of $27k.