Rumson Futbol Club Inc

Analysis

Rumson Futbol Club Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in November 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 April 2023, Rumson Futbol Club Inc reported income of $442k and spending of $320k, leaving 28% of income unspent that year. Across the 2 years on record, from April 2022 to April 2023, income grew from $285k to $442k (+55%), an average of +55% a year. The sharpest change came in the year to April 2023, when income rose by 55%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rumson Futbol Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Hantz Foundation Inc ($442k), Garden City Youth Athletic Association ($442k) and Cimarron Golf Club Inc ($442k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 5.9% and program service revenue 87% of the total. At year end it held assets of $216k against liabilities of $13k, net assets of $203k.