Christmas Magic Inc

Analysis

Christmas Magic Inc is a registered charity in United States, based in Islandia, NY. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Christmas Magic Inc reported income of $245k and spending of $299k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $245k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christmas Magic Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include JSDD Foundation Inc ($245k), Connections Ministry Inc ($245k) and Nest Academy Rva ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.0% of the total. At year end it held assets of $163k against liabilities of $10k, net assets of $153k.