Magic Marble Foundation

Analysis

Magic Marble Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Marble Foundation reported income of $150k and spending of $156k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $63k to $150k (+137%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magic Marble Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Roya Foundation ($150k), Society of Saint Vincent de Paul St Gertrude Conference ($150k) and Coffee County Food Bank Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,169 against liabilities of $0, net assets of $1,169.