Magnolia Soccer Club

Analysis

Magnolia Soccer Club is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1997, 29 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, Magnolia Soccer Club reported income of $120k and spending of $63k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $120k (-13%), an average of -13% a year. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magnolia Soccer Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Longview Metro Aquatics ($120k), Chicopee Galaxy Youth Athletic Association ($120k) and Fresno Volleyball Club ($120k).

At year end it held assets of $227k against liabilities of $5, net assets of $227k.