Magic City Soccer Club Inc

Analysis

Magic City Soccer Club Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 2023, Magic City Soccer Club Inc reported income of $582k and spending of $640k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $582k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magic City Soccer Club Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within MT. Charities of a similar size with the same main cause include Citizens Against Domestic and Sexual Abuse ($582k), Visual Aid Volunteers Inc ($582k) and Ice Theatre of New York ($582k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $204k. At year end it held assets of $257k against liabilities of $24k, net assets of $233k. It reported 49 employees.