Socal Elite FC a Non Profit Organization

Analysis

Socal Elite FC a Non Profit Organization is a registered charity in United States, based in Chino, CA. It received its IRS tax-exemption ruling in March 2023, 3 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, Socal Elite FC a Non Profit Organization reported income of $2.7m and spending of $2.8m, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.1m to $2.7m (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Socal Elite FC a Non Profit Organization sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Anchorage Sportsplex Inc ($2.7m), Innercity Tennis Foundation ($2.7m) and FC Cincinnati Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $350k (12% of expenses). Other salaries and wages came to $765k. At year end it held assets of $63k against liabilities of $283k, net assets of -$220k. It reported 1 employees.