Future Soccer Inc

Analysis

Future Soccer Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2022, 4 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, Future Soccer Inc reported income of $455k and spending of $476k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $377k to $455k (+21%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Future Soccer Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Montana Institute of Sport ($455k), US Patriot Sailing Inc ($455k) and Bear Creek Junior Sports Assoc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). Other salaries and wages came to $227k. At year end it held assets of $38k against liabilities of $32k, net assets of $5,831. It reported 56 employees.