Civic Intelligence

Magic Charities Foundation

990EZ • Fiscal year 2022 • EIN 81-3801305

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

6805 Route 202New Hope, PA 18938

(844) 624-4246

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

70th percentile

19%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-3.6%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$249,281

Up $39,595 (+19%) from 2021

Net Assets

Up

$248,500

Up $41,006 (+20%) from 2021

Liabilities

Down

$781

Down $1,411 (-64%) from 2021

Revenue

Down

$73,965

Down $2,729 (-3.6%) from 2021

Expenses

Up

$32,959

Up $12,648 (+62%) from 2021

Net Income

Down

$41,006

Down $15,377 (-27%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2016: $1Liabilities 2016: $02016Assets 2017: $25,000Liabilities 2017: $02017Assets 2018: $37,454Liabilities 2018: $02018Assets 2019: $74,386Liabilities 2019: $02019Assets 2020: $151,372Liabilities 2020: $261Net Assets 2020: $151,1112020Assets 2021: $209,686Liabilities 2021: $2,192Net Assets 2021: $207,4942021Assets 2022: $249,281Liabilities 2022: $781Net Assets 2022: $248,5002022Assets 2023: $349,820Liabilities 2023: $4,901Net Assets 2023: $344,9192023Assets 2024: $401,577Liabilities 2024: $1,728Net Assets 2024: $399,8492024

Highlighted filing

2022

Assets$249,281
Liabilities$781
Net Assets$248,500

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0Revenue 2016: $7,011Expenses 2016: $7,011Net Income 2016: $02016Revenue 2017: $32,361Expenses 2017: $7,361Net Income 2017: $25,0002017Revenue 2018: $23,215Expenses 2018: $10,761Net Income 2018: $12,4542018Revenue 2019: $42,316Expenses 2019: $5,384Net Income 2019: $36,9322019Revenue 2020: $100,347Expenses 2020: $17,439Net Income 2020: $82,9082020Revenue 2021: $76,694Expenses 2021: $20,311Net Income 2021: $56,3832021Revenue 2022: $73,965Expenses 2022: $32,959Net Income 2022: $41,0062022Revenue 2023: $144,780Expenses 2023: $48,361Net Income 2023: $96,4192023Revenue 2024: $106,099Expenses 2024: $51,169Net Income 2024: $54,9302024

Highlighted filing

2022

Revenue$73,965
Expenses$32,959
Net Income$41,006
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$101,378
Mission and Program Overview

Mission

To advocate for and invest in the well-being of children.

Program Services

DescriptionGrantsExpenses
To advocate for and invest in the well-being of children.$8,053$27,413
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve A GrossoChairman & CEOPT$0--
Sharon GrossoExecutive DirectorPT$0--
Marty BabickiCOO-$0--
Lauren PuraDirector-$0--
Peter MurphyDirector-$0--
Rick AtherholtSecretary-$0--
Kathleen CapparelliDirector-$0--
Christopher BrownTreasurer-$0--
Lisa RafterDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$35,967$35,967$27,413$8,554
Total Events$35,967$35,967$27,413$8,554
Filing and Contact Details

Filer

Filer Name
Magic Charities Foundation
EIN
81-3801305
Phone
8446244246
Address
6805 Route 202, New Hope, PA 18938

Signing Officer

Name
Steve A Grosso
Title
Chairman & CEO
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Lear & Pannepacker LLP
Address
791 Alexander Road, Princeton, NJ 08540
Preparer
Dennis R Kilfeather EA MBA ATA
Phone
6094522200
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.3

| Donee's Name: Various Charitable Donations | Cash Amount Given: $8053

Other Expenses.1001

Advertising and Promotion $50

Other Expenses.1002

Office Expenses $11153

Other Expenses.1008

Interest $377

Other Expenses.1

Program Expenses $9959

Other Expenses.2

Meals & Entertainment $623

Other Expenses.4

Bank Charges $85

Other Assets.1005

Accounts Receivable - Beginning $29431 Accounts Receivable - Ending $0

Total Liabilities.1

American Express - Beginning $2192 American Express - Ending $781

Raw XML Appendix199 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Various Charitable Donations | Cash Amount Given: $8053
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $11153
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ReturnHeader/Filer/PhoneNum08446244246
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ReturnHeader/PreparerPersonGrp/PhoneNum06094522200
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ReturnHeader/ReturnTs02023-11-15T08:04:07-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Steve A
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Grosso
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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