Magic Moments Inc

Analysis

Magic Moments Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 June 2023, Magic Moments Inc reported income of $193k and spending of $146k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $118k to $193k (+64%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magic Moments Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Forward Fresno Foundation Inc ($193k), Spirit of South Carolina Inc ($193k) and Metropolitan Area Noon Nutrition Association ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 48% of the total. At year end it held assets of $140k against liabilities of $181, net assets of $140k.