Love Your Magic

Analysis

Love Your Magic is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Love Your Magic reported income of $113k and spending of $185k, spending 163% of what it took in. Across the 3 years on record, from December 2021 to June 2023, income fell from $133k to $113k (-15%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income rose by 338%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Love Your Magic sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Dare Devils ($113k), Crusaderball Inc ($113k) and Utah Charter & Small School Athletic League ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (40% of expenses). Other salaries and wages came to $480. At year end it held assets of $218k against liabilities of $23k, net assets of $194k. It reported 3 employees.