Patos Magic Soccer Club

Analysis

Patos Magic Soccer Club is a registered charity in United States, based in Oxford, MI. It received its IRS tax-exemption ruling in January 2007, 19 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 June 2024, Patos Magic Soccer Club reported income of $918k and spending of $803k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $521k to $918k (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patos Magic Soccer Club 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 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include S Solutions Inc ($917k), Cen Cal Cosmos Inc ($920k) and Waukesha Express Swim Team Inc ($917k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.