Laguna Beach Football Club

Analysis

Laguna Beach Football Club is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 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 December 2023, Laguna Beach Football Club reported income of $406k and spending of $368k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $293k to $406k (+38%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laguna Beach Football Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Dubuque County Hockey Association ($406k), Veda Yoga ($406k) and Kingwood Alliance Soccer Club Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $36k (9.7% of expenses). Other salaries and wages came to $174k. At year end it held assets of $85k against liabilities of $116, net assets of $85k. It reported 6 employees.