Orlando Magic Youth Foundation Inc

Analysis

Orlando Magic Youth Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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 June 2023, Orlando Magic Youth Foundation Inc reported income of $939k and spending of $1.3m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $939k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orlando Magic Youth Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Pittsburgh Youth Symphony Orchestra Association Inc ($939k), PTA New York Congress ($939k) and The Jerusalem Connection ($939k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 184% of the total. At year end it held assets of $927k against liabilities of $115k, net assets of $812k.