Magic City Perfoming Arts

Analysis

Magic City Perfoming Arts is a registered charity in United States, based in Shoal Creek, AL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Perfoming Arts reported income of $195k and spending of $175k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $99k to $195k (+97%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magic City Perfoming Arts sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Bridge Street Theatre Inc ($195k), New York Dance Project Inc ($195k) and Jazz in June Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 46% of the total. At year end it held assets of $77k against liabilities of $9,828, net assets of $67k.