Magic City Club
Nonprofit profile at a glance
- EIN
- 454965609
- IRS 990-EZ coverage
- 2012–2016
- Forms available
- Form 990-EZ 2016
- Location
- Florence, SC, USA
- Phone
- 8434132666
- Rating confidence
- Limited
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $149,155
- Expenses
- $149,155
- Assets
- $13,577
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- luqman munir (president)
People named in this filing
- luqman munir (president)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide nice relaxed environment where its members can come together to appreciate a similar taste in music
What it reported doing in 2016
Organisation organised events that provided up and coming aspiring artists to show case their talent.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 75% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2012 to 2016
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.