Southwest Magic Food Program

Analysis

Southwest Magic Food Program is a registered charity in United States, based in Fresno, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Southwest Magic Food Program reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $2.5m (+5.4%), an average of +1.8% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Magic Food Program sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Friendship Circle of Pittsburgh Inc ($2.5m), Job Point ($2.5m) and The Center That C a R E S Children Adult Recreational and ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (5.0% of expenses). Other salaries and wages came to $58k. At year end it held assets of $278k against liabilities of $208k, net assets of $70k. It reported 4 employees.