Fort Collins Soccer Club

Analysis

Fort Collins Soccer Club is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in December 1979, 47 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 June 2022, Fort Collins Soccer Club reported income of $2.2m and spending of $1.8m, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.9m to $2.2m (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fort Collins Soccer Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Chicago City Soccer Club ($2.2m), Arizona Golf and Life Skills Inc ($2.2m) and Wichita Festivals Inc ($2.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $87k (4.8% of expenses). Other salaries and wages came to $570k. At year end it held assets of $2.6m against liabilities of $299k, net assets of $2.3m. It reported 14 employees.