Merlins Magic Wand Foundation

Analysis

Merlins Magic Wand Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Merlins Magic Wand Foundation reported income of $445k and spending of $513k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $269k to $445k (+65%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Merlins Magic Wand Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Greene County United Way Inc ($445k), Ram Veterans Foundation Inc ($445k) and Porto Charities Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.0m against liabilities of $416k, net assets of $610k.