Magic Soccer Club of Indiana

Analysis

Magic Soccer Club of Indiana is a registered charity in United States, based in Avon, IN. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Magic Soccer Club of Indiana reported income of $958k and spending of $897k, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $600k to $958k (+60%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 94% 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 of Indiana sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Graettinger Economic Development Council ($957k), Partners for Parks Inc ($958k) and Action Baseball Club Inc ($957k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $422k. At year end it held assets of $2.0m against liabilities of $1.6m, net assets of $479k. It reported 77 employees.