Michigan Thunder FC

Analysis

Michigan Thunder FC is a registered charity in United States, based in Dexter, MI. It received its IRS tax-exemption ruling in May 1992, 34 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 2019, Michigan Thunder FC reported income of $311k and spending of $343k, spending 111% of what it took in. Across the 2 years on record, from December 2018 to December 2019, income fell from $438k to $311k (-29%), an average of -29% a year. The sharpest change came in the year to December 2019, when income dropped by 29%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Thunder FC sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Valley Stream Soccer Club ($311k), Friends of Wabun ($311k) and NW Integrity Athletics ($311k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. At year end it held assets of $246k against liabilities of $3,874, net assets of $242k. It reported 4 employees.