A Moment of Magic

Analysis

A Moment of Magic is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, A Moment of Magic reported income of $372k and spending of $393k, spending 106% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $443k to $372k (-16%), an average of -5.6% a year. The sharpest change came in the year to March 2021, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A Moment of Magic sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include National Air Traffic Controllers Association Charitable Foundation ($372k), Rock by the Sea Inc ($373k) and Mountain Home Education Foundation Inc ($372k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (23% of expenses). Other salaries and wages came to $33k. At year end it held assets of $172k against liabilities of $0, net assets of $172k. It reported 5 employees.