FC Charleston

Analysis

FC Charleston is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in October 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 2024, FC Charleston reported income of $720k and spending of $480k, leaving 33% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $206k to $720k (+250%), an average of +87% a year. The sharpest change came in the year to June 2024, when income rose by 87%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Charleston sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Kaizen Volleyball Development Club ($719k), Genuwin Reign Softball ($720k) and Friends of Grand Rapids Parks ($719k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.7% and program service revenue 90% of the total. At year end it held assets of $452k against liabilities of $4,974, net assets of $447k.