Magic City Bar Association

Analysis

Magic City Bar Association is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 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 December 2023, Magic City Bar Association reported income of $137k and spending of $73k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $101k to $137k (+36%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Magic City Bar Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Strata Foundation Inc ($137k), Wishes on Wheels Inc ($137k) and Matagorda County United Way ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $335k against liabilities of $21k, net assets of $314k.