Tahoe Magic Inc

Analysis

Tahoe Magic Inc is a registered charity in United States, based in S Lake Tahoe, CA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tahoe Magic Inc reported income of $129k and spending of $101k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $261k to $129k (-51%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tahoe Magic Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($129k), The Exchange Club of Missouri City ($129k) and Alabama Honduran Medical Educational Network ($129k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $251k against liabilities of $0, net assets of $251k.