Society of American Magicians Magic Endowment Fund Inc

Analysis

Society of American Magicians Magic Endowment Fund Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Society of American Magicians Magic Endowment Fund Inc reported income of $94k and spending of $48k, leaving 49% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $99k to $94k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to August 2021, when income rose by 492%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of American Magicians Magic Endowment Fund Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Greene County Council on the Arts ($94k), TMT Observatory Corporation ($94k) and Pine Shores Art Association Inc ($94k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 0.9% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.