Magic Moments Inc

Analysis

Magic Moments Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Moments Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $946k to $1.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magic Moments Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Joshua House Health Center ($1.2m), Ozark Valleys Community Services in C ($1.2m) and Reason for Hope Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Other salaries and wages came to $315k. At year end it held assets of $1.8m against liabilities of $361k, net assets of $1.5m.