Magic Soccer Club Inc

Analysis

Magic Soccer Club Inc is a registered charity in United States, based in Middlebury, IN. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic Soccer Club Inc reported income of $391k and spending of $399k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $229k to $391k (+71%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magic Soccer Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Lincoln Park Boat Club Charitable Outreach ($391k), North County Junior Golf Association ($391k) and Wheatfield Blades Hockey Association Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $112k against liabilities of $0, net assets of $112k.