Champions FC Inc

Analysis

Champions FC Inc is a registered charity in United States, based in Stafford, VA. It received its IRS tax-exemption ruling in October 2021, 5 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, Champions FC Inc reported income of $123k and spending of $139k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $123k (-9.8%), an average of -9.8% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Champions FC Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include South Londonderry Library Association Inc ($123k), Tranquillity Alumni & Friends Inc ($123k) and Lees Cares Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (28% of expenses). At year end it held assets of $45k against liabilities of $63k, net assets of -$17k. It reported 1 employees.