Michigan Wolves-Hawks Soccer Club

Analysis

Michigan Wolves-Hawks Soccer Club is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2024, Michigan Wolves-Hawks Soccer Club reported income of $3.0m and spending of $2.4m, spending 80% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.9m to $3.0m (-23%), an average of -5.2% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Wolves-Hawks Soccer Club 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 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Virginia Soccer Association Inc ($3.0m), Community Outreach Advocates Incorporated ($3.0m) and USA Wrestling Utah ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $193k (8.1% of expenses). Other salaries and wages came to $920k. At year end it held assets of $4.9m against liabilities of $2.0m, net assets of $2.9m.