Magic Box Productions Inc

Analysis

Magic Box Productions Inc is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2022, Magic Box Productions Inc reported income of $502k and spending of $420k, spending 84% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $484k to $502k (+3.8%), an average of +1.2% a year. The sharpest change came in the year to July 2022, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Magic Box Productions Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Klamath Ice Sports Inc ($502k), Kids Outdoor Sports Camp ($503k) and Gaithersburg Beloved Community Initiative Incorporated ($502k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $189k. At year end it held assets of $321k against liabilities of $879, net assets of $320k. It reported 5 employees.