Magic Soccer Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 35,471 | 96,170 | −60,699 | 15.1 | — |
| 2021 | 97,643 | 90,200 | 7,443 | 17.5 | — |
| 2022 | 88,493 | 97,777 | −9,284 | 14.7 | — |
| 2023 | 97,331 | 129,515 | −32,184 | 8.1 | — |
| 2024 | 102,329 | 122,177 | −19,848 | 6.6 | — |
In its most recent public year (2024), this organization spent $19,848 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 15.1 in 2020.
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 2024. 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
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