Magic Mountain Childrens Center Inc

Analysis

Magic Mountain Childrens Center Inc is a registered charity in United States, based in S Royalton, VT. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Magic Mountain Childrens Center Inc reported income of $258k and spending of $303k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $230k to $258k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magic Mountain Childrens Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include Grande Center for Education and Economic Opportunity ($258k), North Yonkers Preservation and Development Corp ($258k) and Farm of Northwest Florida Inc ($258k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $246k. At year end it held assets of $180k against liabilities of $3,493, net assets of $177k. It reported 15 employees.