Congaree Rapid FC
Overview
Congaree Rapid FC is a youth soccer club based in West Columbia, SC. The organization (Congaree Rapid Soccer Association) is a 501(c)(3) nonprofit (EIN 57-0977722), tax-exempt since May 1994.
Financials
| Metric | FY2024 | FY2023 |
|---|---|---|
| Total Revenue | $437,067 | $247,677 |
| Total Expenses | $272,292 | $227,590 |
| Net Income | $164,775 | $20,087 |
| Executive Compensation | $38,600 | $33,083 |
Revenue growth of 76.5% YoY. Program services represent 95%+ of revenue. (HIGH confidence — 990 filing)
League Affiliations
SCYSA competitive leagues. No national platform affiliation (no ECNL, MLS Next, or Girls Academy).
Competitive Position
Small but rapidly growing club in the Columbia market. Competes in the shadow of SC United FC which dominates the Midlands. Could serve as a supplemental acquisition or feeder relationship.
Investment Thesis
Minor target on its own ($437K revenue) but could be relevant as part of a Midlands consolidation with SCUFC. The 76% revenue growth suggests momentum.
Open Questions
- What is driving the rapid revenue growth?
- Does Congaree Rapid compete with SCUFC or serve a different segment?
- Any facility assets?