Magnolia Area Softball Association

Analysis

Magnolia Area Softball Association is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in February 2008, 18 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, Magnolia Area Softball Association reported income of $258k and spending of $264k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $259k to $258k (-0.4%), an average of -0.2% a year. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magnolia Area Softball Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Aces Fastpitch Club ($258k), Chile Pepper Inc ($258k) and Southern Off Road Bicycle Association ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.