Tragic to Magic Foundation

Analysis

Tragic to Magic Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tragic to Magic Foundation reported income of $194k and spending of $209k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $194k (+0.2%), an average of +0.2% a year. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Tragic to Magic Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Friends of Falmouth Dogs ($194k), Wolf Point Pound Puppies Animal Rescue ($194k) and Keeping Track Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.