FC Charles 1658

Analysis

FC Charles 1658 is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in August 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, FC Charles 1658 reported income of $242k and spending of $285k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $484k to $242k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. 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, FC Charles 1658 sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Royal Revolution Parent Booster Club Incorporated ($242k), Womens Flat Track Derby Association ($242k) and West Yellowstone Ski Education Foundation ($242k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $72k against liabilities of $128, net assets of $72k.