Civic Intelligence

Magic Charities Foundation

990EZ • Fiscal year 2025 • EIN 81-3801305

Jan 01, 2025 to Dec 31, 2025

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

70th percentile

0.01x

Higher debt load relative to assets than 70% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

0.03x

Higher debt load relative to revenue than 79% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

94th percentile

58%

Higher net margin than 94% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

74th percentile

21%

Faster asset growth than 74% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$484,366

Up $82,789 (+21%) from 2024

Net Assets

Up

$479,594

Up $79,745 (+20%) from 2024

Liabilities

Up

$4,772

Up $3,044 (+176%) from 2024

Revenue

Up

$138,671

Up $32,572 (+31%) from 2024

Expenses

Up

$58,926

Up $7,757 (+15%) from 2024

Net Income

Up

$79,745

Up $24,815 (+45%) from 2024

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: $399,8492024Assets 2025: $484,366Liabilities 2025: $4,772Net Assets 2025: $479,5942025

Highlighted filing

2025

Assets$484,366
Liabilities$4,772
Net Assets$479,594

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: $54,9302024Revenue 2025: $138,671Expenses 2025: $58,926Net Income 2025: $79,7452025

Highlighted filing

2025

Revenue$138,671
Expenses$58,926
Net Income$79,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 13, 2026
Return Version
2025v4.1
Gross Receipts
$175,099
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.-$58,264
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$104,545$36,428$36,428$0
Total Events$104,545$36,428$36,428-
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
Rene Paradis
Title
Treasurer
Signed
2026-04-13
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 $293

Grants and Similar Amounts Paid In Excess of $5,000.11

| Donee's Name: Eastern Pennysylvania Youth Soccer | Cash Amount Given: $7200

Other Expenses.1002

Office Expenses $6936

Other Expenses.1

Program Expenses $15607

Other Expenses.2

Event Sponsorships $500

Other Expenses.3

Miscellaneous Expense $425

Other Assets.1007

Receivables-Officers, Directors, Etc. - Beginning $12500 Receivables-Officers, Directors, Etc. - Ending $22000

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $4772

Total Liabilities.1

American Express - Beginning $1728 American Express - Ending $0

Raw XML Appendix197 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/TitleTxt1Executive Dir.
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Cash Back Rewards $293
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: Eastern Pennysylvania Youth Soccer | Cash Amount Given: $7200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $6936
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Expenses $15607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Event Sponsorships $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Miscellaneous Expense $425
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rene Paradis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-13
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd018938
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222947255
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0791 Alexander Road
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008540
ReturnHeader/PreparerPersonGrp/PhoneNum06094522200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis R Kilfeather EA MBA ATA
ReturnHeader/ReturnTs02026-04-13T17:04:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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