Colorado Fusion Soccer Club

Analysis

Colorado Fusion Soccer Club is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 1993, 33 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, Colorado Fusion Soccer Club reported income of $17.7m and spending of $16.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $17.7m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Fusion Soccer Club sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include American Junior Golf Association ($17.5m), USA Water Polo Inc ($17.8m) and USA Triathlon of Colorado ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $207k (1.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $8.1m against liabilities of $2.9m, net assets of $5.3m. It reported 131 employees.