Midland Soccer Club

Analysis

Midland Soccer Club is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, Midland Soccer Club reported income of $981k and spending of $1000k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $527k to $981k (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland Soccer Club sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Mainstreet Uptown Butte Inc ($981k), North Suburbs Access Corporation ($982k) and Big Brothers Big Sisters of Southern Nevada ($981k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 88% of the total. Other salaries and wages came to $200k. It paid $11k in professional fundraising fees. At year end it held assets of $3.8m against liabilities of $213k, net assets of $3.6m. It reported 7 employees.