Magic Soccer Club Of Indiana
EIN: 351972213 · Avon, IN · NTEE: N64Z
| Metric | Value |
|---|---|
| Total Revenue | $923K |
| Total Expenses | $897K |
| Net Assets | $479K |
Is Magic Soccer Club Of Indiana Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic Soccer Club Of Indiana
Magic Soccer Club Of Indiana (EIN: 351972213) is a nonprofit organization based in Avon, IN, classified under NTEE code N64Z. The organization reported total revenue of $923K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic Soccer Club Of Indiana's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic Soccer Club Of Indiana is a small nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $958K |
| Total Expenses | $897K |
| Surplus / Deficit | +$61K |
| Total Assets | $2.0M |
| Total Liabilities | $1.6M |
| Net Assets | $479K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 76.6% |
| Months of Reserves | 27.4 months |
Financial Health Grade: A
In 2023, Magic Soccer Club Of Indiana reported a surplus of $61K with revenue exceeding expenses, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 76.6% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Magic Soccer Club Of Indiana's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +10.4% | -0.3% |
| 2022 | -3.2% | +3.6% | +1.2% |
| 2021 | +33.3% | +21.9% | +4.7% |
| 2020 | +19.9% | +10.0% | +857.2% |
| 2019 | -4.8% | -1.6% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic Soccer Club Of Indiana has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magic Soccer Club Of Indiana with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.6%.
Frequently Asked Questions about Magic Soccer Club Of Indiana
Is Magic Soccer Club Of Indiana a legitimate charity?
Magic Soccer Club Of Indiana (EIN: 351972213) is a registered tax-exempt nonprofit based in Indiana. It has 12 years of IRS 990 filings on record. Total revenue: $923K. No red flags identified. Financial health grade: A.
How does Magic Soccer Club Of Indiana spend its money?
Magic Soccer Club Of Indiana reported $923K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magic Soccer Club Of Indiana tax-deductible?
Magic Soccer Club Of Indiana is registered as a tax-exempt nonprofit (EIN: 351972213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic Soccer Club Of Indiana located?
Magic Soccer Club Of Indiana is headquartered in Avon, Indiana and files with the IRS under EIN 351972213. It is classified under NTEE code N64Z.
How many years of IRS 990 filings does Magic Soccer Club Of Indiana have?
Magic Soccer Club Of Indiana has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $923K in total revenue.
Filing History
IRS 990 filing history for Magic Soccer Club Of Indiana showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Magic Soccer Club Of Indiana's revenue has grown by 429.7%, moving from $181K to $958K. Total assets increased by 2039.7% over the same period, from $96K to $2.0M. Total functional expenses rose by 440.6%, from $166K to $897K. In its most recent filing year (2023), Magic Soccer Club Of Indiana reported a surplus of $61K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $2.0M in assets (debt-to-asset ratio: 76.6%), resulting in net assets of $479K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $958K | $897K | $2.0M | $1.6M | — | — |
| 2022 | $885K | $812K | $2.1M | $1.6M | — | View 990 |
| 2021 | $914K | $784K | $2.0M | $1.7M | — | View 990 |
| 2020 | $685K | $643K | $1.9M | $1.7M | — | View 990 |
| 2019 | $572K | $585K | $202K | $22K | — | View 990 |
| 2018 | $600K | $594K | $199K | $6K | — | View 990 |
| 2017 | $587K | $655K | $214K | $27K | — | View 990 |
| 2015 | $655K | $688K | $118K | $10K | — | View 990 |
| 2014 | $478K | $464K | $140K | $0 | — | View 990 |
| 2013 | $343K | $309K | $127K | $2K | — | View 990 |
| 2012 | $231K | $235K | $92K | $0 | — | View 990 |
| 2011 | $181K | $166K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $958K, expenses of $897K, and assets of $2.0M (revenue +8.3% year-over-year).
- 2022: Revenue of $885K, expenses of $812K, and assets of $2.1M (revenue -3.2% year-over-year).
- 2021: Revenue of $914K, expenses of $784K, and assets of $2.0M (revenue +33.3% year-over-year).
- 2020: Revenue of $685K, expenses of $643K, and assets of $1.9M (revenue +19.9% year-over-year).
- 2019: Revenue of $572K, expenses of $585K, and assets of $202K (revenue -4.8% year-over-year).
- 2018: Revenue of $600K, expenses of $594K, and assets of $199K (revenue +2.2% year-over-year).
- 2017: Revenue of $587K, expenses of $655K, and assets of $214K (revenue -10.4% year-over-year).
- 2015: Revenue of $655K, expenses of $688K, and assets of $118K (revenue +37.0% year-over-year).
- 2014: Revenue of $478K, expenses of $464K, and assets of $140K (revenue +39.4% year-over-year).
- 2013: Revenue of $343K, expenses of $309K, and assets of $127K (revenue +48.6% year-over-year).
- 2012: Revenue of $231K, expenses of $235K, and assets of $92K (revenue +27.7% year-over-year).
- 2011: Revenue of $181K, expenses of $166K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic Soccer Club Of Indiana:
Data Sources and Methodology
This transparency report for Magic Soccer Club Of Indiana is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.