Magic Canoe

Analysis

Magic Canoe is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Magic Canoe reported income of $1.6m and spending of $165k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $608k to $1.6m (+169%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 818%. Over the whole period it spent 30% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Magic Canoe sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Oceanic Global Foundation ($1.6m), Great Swamp Watershed Association ($1.6m) and Davis Conservation Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Compensation of current officers, directors and key employees was $9,375 (5.7% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.