Magical Experiences Arts Company Ltd

Analysis

Magical Experiences Arts Company Ltd is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Magical Experiences Arts Company Ltd reported income of $98k and spending of $48k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $98k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magical Experiences Arts Company Ltd sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Actors Charitable Theatre ($98k), Oh Art Foundation ($98k) and Needham B Broughton High School Dance Boosters Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.