Magic City Harvest

Analysis

Magic City Harvest is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Magic City Harvest reported income of $1.6m and spending of $1.5m, spending 95% of its income. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magic City Harvest sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Richmond Friends of the Homeless Ltd ($1.6m), Quality Care Services Inc ($1.6m) and Bosma Visionary Opportunities Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (4.1% of expenses). Other salaries and wages came to $144k. At year end it held assets of $293k against liabilities of $53k, net assets of $239k. It reported 7 employees.