Magic Soccer Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 34,064 | 32,788 | 1,276 | 3.4 | — |
| 2020 | 127,148 | 153,544 | −26,396 | 8.8 | — |
| 2021 | 228,532 | 259,472 | −30,940 | 3.8 | 6% |
| 2022 | 347,625 | 309,727 | 37,898 | 4.6 | 7% |
| 2023 | 390,688 | 398,968 | −8,280 | 3.4 | 7% |
In its most recent public year (2023), this organization spent $8,280 more than it brought in. Its reserves stood at about 3.4 months of spending. Staff pay was 7% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Magic Soccer Club Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works