Magnus Football Club

Analysis

Magnus Football Club is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Magnus Football Club reported income of $177k and spending of $166k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $177k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magnus Football Club sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include East Bay Legends Travel Baseball ($177k), St Helena Swim Club Inc ($177k) and Peoria Sluggers Fastpitch Association ($177k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $7,636 against liabilities of $0, net assets of $7,636.