Civic Intelligence

Magic Charities Foundation

990EZ • Fiscal year 2023 • EIN 81-3801305

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 06, 2024

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

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.03x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

83rd percentile

40%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

96%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$349,820

Up $100,539 (+40%) from 2022

Net Assets

Up

$344,919

Up $96,419 (+39%) from 2022

Liabilities

Up

$4,901

Up $4,120 (+528%) from 2022

Revenue

Up

$144,780

Up $70,815 (+96%) from 2022

Expenses

Up

$48,361

Up $15,402 (+47%) from 2022

Net Income

Up

$96,419

Up $55,413 (+135%) from 2022

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

2023

Assets$349,820
Liabilities$4,901
Net Assets$344,919

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

2023

Revenue$144,780
Expenses$48,361
Net Income$96,419
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 6, 2024
Return Version
2023v5.0
Gross Receipts
$180,431
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.-$21,150
Compensation and Service Providers

Employees

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

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$112,632$112,632$35,651$76,981
Total Events$112,632$112,632$35,651$76,981
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
2024-06-06
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

Other Revenue.1

Cash Back Rewards $254

Other Expenses.1001

Advertising and Promotion $893

Other Expenses.1002

Office Expenses $5516

Other Expenses.1008

Interest $365

Other Expenses.1

Program Expenses $21150

Other Expenses.2

Contractors $1837

Other Expenses.3

Bank Charges $1552

Other Expenses.5

Registration Fees $138

Other Assets.1007

Receivables-Officers, Directors, Etc. - Beginning $0 Receivables-Officers, Directors, Etc. - Ending $12500

Total Liabilities.1

American Express - Beginning $781 American Express - Ending $4901

Raw XML Appendix205 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherExpensesTotalAmt031451
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Cash Back Rewards $254
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $893
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $5516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Interest $365
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Expenses $21150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Contractors $1837
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank Charges $1552
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Registration Fees $138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Receivables-Officers, Directors, Etc. - Beginning $0 Receivables-Officers, Directors, Etc. - Ending $12500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9American Express - Beginning $781 American Express - Ending $4901
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Steve A Grosso
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magic Charities Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0813801305
ReturnHeader/Filer/PhoneNum08446244246
ReturnHeader/Filer/USAddress/AddressLine1Txt06805 Route 202
ReturnHeader/Filer/USAddress/CityNm0New Hope
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0791 Alexander Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Princeton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008540
ReturnHeader/PreparerPersonGrp/PhoneNum06094522200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis R Kilfeather EA MBA ATA
ReturnHeader/ReturnTs02024-06-06T08:32:12-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Steve A
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Grosso
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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