Magic Incorporated

Analysis

Magic Incorporated is a registered charity in United States, based in Stanford, CA. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic Incorporated reported income of $708k and spending of $323k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $675k to $708k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 56% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Magic Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include The Second Century Habitat Fund Inc ($706k), Adkins Arboretum Ltd ($708k) and Reflo ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 42% of the total. At year end it held assets of $5.6m against liabilities of $503k, net assets of $5.1m.