Magic Theatre Inc

Analysis

Magic Theatre Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 1971, 55 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 August 2023, Magic Theatre Inc reported income of $1.1m and spending of $1.5m, spending 132% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.1m (-15%), an average of -3.9% a year. The sharpest change came in the year to August 2022, when income rose by 63%. Over the whole period it spent 100% 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 Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Cool Culture Inc ($1.1m), Victory Music & Dance Company Inc ($1.1m) and Childrens Museum of Idaho Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $195k (13% of expenses). At year end it held assets of $1.1m against liabilities of $680k, net assets of $407k. It reported 57 employees.