Magic City Soccer Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 241,959 | 242,568 | −609 | 4.2 | 0% |
| 2013 | 296,617 | 326,532 | −29,915 | 2.1 | 4% |
| 2014 | 349,459 | 352,405 | −2,946 | 1.8 | 4% |
| 2015 | 315,649 | 313,437 | 2,212 | 2.1 | 13% |
| 2016 | 284,076 | 272,530 | 11,546 | 2.9 | 21% |
| 2017 | 451,089 | 324,994 | 126,095 | 7.1 | 21% |
| 2018 | 680,205 | 648,028 | 32,177 | 4.2 | 22% |
| 2019 | 569,630 | 620,082 | −50,452 | 3.4 | 25% |
| 2020 | 438,212 | 459,532 | −21,320 | 4.0 | 45% |
| 2021 | 729,853 | 589,769 | 140,084 | 6.0 | 34% |
| 2022 | 610,300 | 611,966 | −1,666 | 5.7 | 34% |
| 2023 | 581,990 | 640,328 | −58,338 | 4.4 | 32% |
In its most recent public year (2023), this organization spent $58,338 more than it brought in. Its reserves stood at about 4.4 months of spending. Staff pay was 32% 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
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