Magic Garden Inc

Analysis

Magic Garden Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Magic Garden Inc reported income of $2.2m and spending of $1.7m, leaving 22% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.6m to $2.2m (+38%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magic Garden Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Mountain Vista Booster Club ($2.2m), McArthur Library Association ($2.2m) and Pathways in Education - Arizona ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $362k (21% of expenses). Other salaries and wages came to $871k. At year end it held assets of $2.2m against liabilities of $288k, net assets of $1.9m. It reported 42 employees.