The Federation Internationale de Football Association is an association which describes itself as an international governing body of association football, futsal, and beach soccer. FIFA is responsible for the organization of football’s major international tournaments, notably the World Cup which commenced in 1930 and the Women’s World Cup which commenced in 1991.
FIFA was founded in 1904 to oversee international competition among the national associations of Belgium, Denmark, France, Germany, the Netherlands, Spain, Sweden, and Switzerland. Headquartered in Zürich, its membership now comprises 211 national associations. Member countries must each also be members of one of the six regional confederations into which the world is divided: Africa, Asia, Europe, North & Central America and the Caribbean, Oceania, and South America.
Although FIFA does not control the rules of football (that being the responsibility of the International Football Association Board), it is responsible for both the organization of a number of tournaments and their promotion, which generate revenue from sponsorship. In 2013, FIFA had revenues of over 1.3 billion U.S. dollars, for a net profit of 72 million, and had cash reserves of over 1.4 billion U.S. dollars.
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