Magic Years Inc

Analysis

Magic Years Inc is a registered charity in United States, based in Manchester, MA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Magic Years Inc reported income of $245k and spending of $152k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $232k to $245k (+5.6%), an average of +5.6% a year. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magic Years Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Mental Health America of East Central Florida Inc ($245k), Wounded Warriors United of Wisconsin ($245k) and Freeport High School Scholarship Foundation ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $96k (63% of expenses). At year end it held assets of $333k against liabilities of $0, net assets of $333k. It reported 3 employees.