Colorado Soccer Foundation

Analysis

Colorado Soccer Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in May 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Colorado Soccer Foundation reported income of $1.3m and spending of $837k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income fell from $5.2m to $1.3m (-76%), an average of -76% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 18% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Soccer Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Coaches Outreach ($1.3m), Galloway Baseball Club ($1.3m) and United States Bowling Congress Inc ($1.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $87k (10% of expenses). Other salaries and wages came to $217k. At year end it held assets of $5.3m against liabilities of $7,582, net assets of $5.3m. It reported 14 employees.