Magpies and Peacocks Inc

Analysis

Magpies and Peacocks Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2012, 14 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, Magpies and Peacocks Inc reported income of $309k and spending of $361k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $185k to $309k (+67%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magpies and Peacocks Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include New York Sustainable Agriculture ($309k), Friends of Aphasia ($309k) and Hope Unexpected ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $26k (7.3% of expenses). Other salaries and wages came to $174k. At year end it held assets of $79k against liabilities of $115k, net assets of -$36k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.