Magicats Inc

Analysis

Magicats Inc is a registered charity in United States, based in Buhl, ID. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 January 2024, Magicats Inc reported income of $96k and spending of $90k, spending 94% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $83k to $96k (+16%), an average of +16% a year. The sharpest change came in the year to January 2024, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Magicats Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within ID. Charities of a similar size with the same main cause include Friends of the Plymouth Pound Inc ($96k), Minnesota Veterinary Medical Reserve Corps ($96k) and Vintage Dog Rescue Inc ($96k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $4,383 against liabilities of $5,629, net assets of -$1,246.