Magnolia Youth Football Assoc

Analysis

Magnolia Youth Football Assoc is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in October 2003, 23 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 Youth Football Assoc reported income of $211k and spending of $168k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $125k to $211k (+69%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 63%. 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, Magnolia Youth Football Assoc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Ocean Pines Swim Team Inc ($211k), Gunter Youth Association ($211k) and Mile High Rowing Club ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.