Bring Magic to Kids in Hospitals

Analysis

Bring Magic to Kids in Hospitals is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2004, 22 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, Bring Magic to Kids in Hospitals reported income of $875k and spending of $865k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $821k to $875k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. 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, Bring Magic to Kids in Hospitals sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include 16th Century Inc ($875k), Ignite Adaptive Sports ($875k) and Wilmington Senior Center Inc ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $140k (16% of expenses). Other salaries and wages came to $338k. At year end it held assets of $1.3m against liabilities of $367k, net assets of $919k. It reported 5 employees.