Eastside Football Club

Analysis

Eastside Football Club is a registered charity in United States, based in Preston, WA. It received its IRS tax-exemption ruling in August 1996, 30 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 March 2023, Eastside Football Club reported income of $3.4m and spending of $2.7m, spending 81% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.7m to $3.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to March 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eastside Football Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Weston FC Inc ($3.4m), Columbus Local Organizing Committee ($3.4m) and Mid-America Intercollegiate Athletics Association ($3.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $385k (14% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.8m against liabilities of $435k, net assets of $3.3m. It reported 48 employees.