Magical Mila Foundation

Analysis

Magical Mila Foundation is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in May 2019, 7 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, Magical Mila Foundation reported income of $159k and spending of $112k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $159k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magical Mila Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Garfield Memorial Health Care Foundation ($159k), J Bradley Aust Surgical Society ($159k) and Ocl Properties Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 141% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.