Magic House

Analysis

Magic House is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic House reported income of $11.6m and spending of $9.0m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $11.6m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magic House sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include National Infantry Museum Foundation Inc ($11.5m), Honolulu Museum of Art ($11.6m) and McNay Art Museum ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $481k (5.3% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $35.1m against liabilities of $5.5m, net assets of $29.6m. It reported 274 employees.