Patos Magic Soccer Club
EIN: 421615314 · Oxford, MI · NTEE: N64
| Metric | Value |
|---|---|
| Total Revenue | $946K |
| Total Expenses | $803K |
| Net Assets | $368K |
Is Patos Magic Soccer Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patos Magic Soccer Club
Patos Magic Soccer Club (EIN: 421615314) is a nonprofit organization based in Oxford, MI, classified under NTEE code N64. The organization reported total revenue of $946K and total assets of $382K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patos Magic Soccer Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patos Magic Soccer Club is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $803K |
| Surplus / Deficit | +$114K |
| Total Assets | $368K |
| Net Assets | $368K |
| Operating Margin | 12.5% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2024, Patos Magic Soccer Club reported a surplus of $114K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2011–2024), Patos Magic Soccer Club's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.0% | +6.7% | +45.0% |
| 2023 | +24.8% | +14.6% | +25.8% |
| 2022 | +42.5% | +89.0% | -5.6% |
| 2021 | -13.1% | -31.7% | +96.6% |
| 2020 | -8.8% | -13.9% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patos Magic Soccer Club 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 Patos Magic Soccer Club 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $114K, with revenue exceeding expenses.
Frequently Asked Questions about Patos Magic Soccer Club
Is Patos Magic Soccer Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Patos Magic Soccer Club (EIN: 421615314) insufficient data. 0 red flags identified, 0 strengths noted.
How does Patos Magic Soccer Club spend its money?
Detailed spending breakdown data is not yet available for Patos Magic Soccer Club. Check back for updated IRS 990 analysis.
Are donations to Patos Magic Soccer Club tax-deductible?
Patos Magic Soccer Club is registered as a tax-exempt nonprofit (EIN: 421615314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patos Magic Soccer Club located?
Patos Magic Soccer Club is headquartered in Oxford, Michigan and files with the IRS under EIN 421615314. It is classified under NTEE code N64.
How many years of IRS 990 filings does Patos Magic Soccer Club have?
Patos Magic Soccer Club has 14 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 $946K in total revenue.
Filing History
IRS 990 filing history for Patos Magic Soccer Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Patos Magic Soccer Club's revenue has grown by 438.3%, moving from $171K to $918K. Total assets increased by 534% over the same period, from $58K to $368K. Total functional expenses rose by 381.7%, from $167K to $803K. In its most recent filing year (2024), Patos Magic Soccer Club reported a surplus of $114K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $918K | $803K | $368K | $0 | — | — |
| 2023 | $805K | $753K | $254K | $0 | — | View 990 |
| 2022 | $645K | $657K | $202K | $0 | — | View 990 |
| 2021 | $453K | $348K | $214K | $0 | — | — |
| 2020 | $521K | $510K | $109K | $0 | — | View 990 |
| 2019 | $572K | $592K | $97K | $0 | — | View 990 |
| 2018 | $628K | $675K | $117K | $0 | — | View 990 |
| 2017 | $758K | $723K | $164K | $0 | — | View 990 |
| 2016 | $551K | $537K | $129K | $0 | — | View 990 |
| 2015 | $624K | $724K | $115K | $0 | — | View 990 |
| 2014 | $509K | $482K | $214K | $0 | — | View 990 |
| 2013 | $381K | $291K | $187K | $0 | — | View 990 |
| 2012 | $262K | $223K | $97K | $0 | — | View 990 |
| 2011 | $171K | $167K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $918K, expenses of $803K, and assets of $368K (revenue +14.0% year-over-year).
- 2023: Revenue of $805K, expenses of $753K, and assets of $254K (revenue +24.8% year-over-year).
- 2022: Revenue of $645K, expenses of $657K, and assets of $202K (revenue +42.5% year-over-year).
- 2021: Revenue of $453K, expenses of $348K, and assets of $214K (revenue -13.1% year-over-year).
- 2020: Revenue of $521K, expenses of $510K, and assets of $109K (revenue -8.8% year-over-year).
- 2019: Revenue of $572K, expenses of $592K, and assets of $97K (revenue -8.9% year-over-year).
- 2018: Revenue of $628K, expenses of $675K, and assets of $117K (revenue -17.1% year-over-year).
- 2017: Revenue of $758K, expenses of $723K, and assets of $164K (revenue +37.5% year-over-year).
- 2016: Revenue of $551K, expenses of $537K, and assets of $129K (revenue -11.7% year-over-year).
- 2015: Revenue of $624K, expenses of $724K, and assets of $115K (revenue +22.6% year-over-year).
- 2014: Revenue of $509K, expenses of $482K, and assets of $214K (revenue +33.8% year-over-year).
- 2013: Revenue of $381K, expenses of $291K, and assets of $187K (revenue +45.0% year-over-year).
- 2012: Revenue of $262K, expenses of $223K, and assets of $97K (revenue +53.9% year-over-year).
- 2011: Revenue of $171K, expenses of $167K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patos Magic Soccer Club:
Data Sources and Methodology
This transparency report for Patos Magic Soccer Club 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.