FC Alliance Soccer Club

Analysis

FC Alliance Soccer Club is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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 Alliance Soccer Club reported income of $2.0m and spending of $2.2m, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $817k to $2.0m (+144%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FC Alliance Soccer Club sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Arrow WV Inc ($2.0m), Meals on Wheels Inc ($2.0m) and Evergreen Terrace Housing Corp ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $406k. At year end it held assets of $3,555 against liabilities of $168k, net assets of -$164k. It reported 14 employees.