Magic City Perfoming Arts
EIN: 862243492 · Shoal Creek, AL · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $175K |
| Net Assets | $67K |
Is Magic City Perfoming Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic City Perfoming Arts
Magic City Perfoming Arts (EIN: 862243492) is a nonprofit organization based in Shoal Creek, AL, classified under NTEE code A60. The organization reported total revenue of $238K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic City Perfoming Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic City Perfoming Arts is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 40.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $175K |
| Surplus / Deficit | +$20K |
| Total Assets | $77K |
| Total Liabilities | $10K |
| Net Assets | $67K |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Magic City Perfoming Arts reported a surplus of $20K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Magic City Perfoming Arts's revenue has grown at a compound annual growth rate (CAGR) of 40.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.2% | +48.5% | +36.6% |
| 2022 | +22.3% | +118.4% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic City Perfoming Arts has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magic City Perfoming Arts with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.8%.
Frequently Asked Questions about Magic City Perfoming Arts
Is Magic City Perfoming Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Magic City Perfoming Arts (EIN: 862243492) insufficient data. 0 red flags identified, 0 strengths noted.
How does Magic City Perfoming Arts spend its money?
Detailed spending breakdown data is not yet available for Magic City Perfoming Arts. Check back for updated IRS 990 analysis.
Are donations to Magic City Perfoming Arts tax-deductible?
Magic City Perfoming Arts is registered as a tax-exempt nonprofit (EIN: 862243492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic City Perfoming Arts located?
Magic City Perfoming Arts is headquartered in Shoal Creek, Alabama and files with the IRS under EIN 862243492. It is classified under NTEE code A60.
How many years of IRS 990 filings does Magic City Perfoming Arts have?
Magic City Perfoming Arts has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $238K in total revenue.
Filing History
IRS 990 filing history for Magic City Perfoming Arts showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Magic City Perfoming Arts's revenue has grown by 97.1%, moving from $99K to $195K. Total assets increased by 60.2% over the same period, from $48K to $77K. Total functional expenses rose by 224.4%, from $54K to $175K. In its most recent filing year (2023), Magic City Perfoming Arts reported a surplus of $20K, with revenue exceeding expenses. The organization holds $10K in liabilities against $77K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $175K | $77K | $10K | — | — |
| 2022 | $121K | $118K | $56K | $9K | — | View 990 |
| 2021 | $99K | $54K | $48K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $175K, and assets of $77K (revenue +61.2% year-over-year).
- 2022: Revenue of $121K, expenses of $118K, and assets of $56K (revenue +22.3% year-over-year).
- 2021: Revenue of $99K, expenses of $54K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic City Perfoming Arts:
Data Sources and Methodology
This transparency report for Magic City Perfoming Arts is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.