Magic Hollow Community Association
EIN: 237307500 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $122K |
| Net Assets | $110K |
Is Magic Hollow Community Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic Hollow Community Association
Magic Hollow Community Association (EIN: 237307500) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $201K and total assets of $128K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic Hollow Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic Hollow Community Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $122K |
| Surplus / Deficit | +$9K |
| Total Assets | $110K |
| Net Assets | $110K |
| Operating Margin | 6.6% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Magic Hollow Community Association reported a surplus of $9K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Magic Hollow Community Association's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | -29.0% | +8.4% |
| 2022 | -4.1% | +26.6% | -21.0% |
| 2021 | -12.0% | -6.4% | +13.3% |
| 2020 | +13.5% | -2.4% | +30.1% |
| 2019 | +40.2% | +6.4% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic Hollow Community Association 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 Hollow Community Association 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 $9K, with revenue exceeding expenses.
Frequently Asked Questions about Magic Hollow Community Association
Is Magic Hollow Community Association a legitimate charity?
Magic Hollow Community Association (EIN: 237307500) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $201K. No red flags identified. Financial health grade: A.
How does Magic Hollow Community Association spend its money?
Magic Hollow Community Association reported $201K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magic Hollow Community Association tax-deductible?
Magic Hollow Community Association is registered as a tax-exempt nonprofit (EIN: 237307500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic Hollow Community Association located?
Magic Hollow Community Association is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 237307500.
How many years of IRS 990 filings does Magic Hollow Community Association have?
Magic Hollow Community Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $201K in total revenue.
Filing History
IRS 990 filing history for Magic Hollow Community Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Magic Hollow Community Association's revenue has grown by 5.5%, moving from $124K to $131K. Total assets increased by 69.5% over the same period, from $65K to $110K. Total functional expenses fell by 1.4%, from $124K to $122K. In its most recent filing year (2023), Magic Hollow Community Association reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $122K | $110K | $0 | — | — |
| 2022 | $145K | $172K | $102K | $0 | — | — |
| 2021 | $151K | $136K | $129K | $0 | — | View 990 |
| 2020 | $171K | $145K | $114K | $0 | — | — |
| 2019 | $151K | $149K | $87K | $0 | — | View 990 |
| 2018 | $108K | $140K | $85K | $0 | — | View 990 |
| 2017 | $152K | $128K | $117K | $0 | — | View 990 |
| 2016 | $135K | $182K | $93K | $0 | — | View 990 |
| 2015 | $142K | $136K | $139K | $0 | — | View 990 |
| 2014 | $132K | $113K | $133K | $0 | — | View 990 |
| 2013 | $125K | $111K | $114K | $0 | — | View 990 |
| 2012 | $138K | $103K | $100K | $0 | — | View 990 |
| 2011 | $124K | $124K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $122K, and assets of $110K (revenue -9.7% year-over-year).
- 2022: Revenue of $145K, expenses of $172K, and assets of $102K (revenue -4.1% year-over-year).
- 2021: Revenue of $151K, expenses of $136K, and assets of $129K (revenue -12.0% year-over-year).
- 2020: Revenue of $171K, expenses of $145K, and assets of $114K (revenue +13.5% year-over-year).
- 2019: Revenue of $151K, expenses of $149K, and assets of $87K (revenue +40.2% year-over-year).
- 2018: Revenue of $108K, expenses of $140K, and assets of $85K (revenue -29.4% year-over-year).
- 2017: Revenue of $152K, expenses of $128K, and assets of $117K (revenue +12.7% year-over-year).
- 2016: Revenue of $135K, expenses of $182K, and assets of $93K (revenue -5.0% year-over-year).
- 2015: Revenue of $142K, expenses of $136K, and assets of $139K (revenue +7.8% year-over-year).
- 2014: Revenue of $132K, expenses of $113K, and assets of $133K (revenue +5.9% year-over-year).
- 2013: Revenue of $125K, expenses of $111K, and assets of $114K (revenue -9.7% year-over-year).
- 2012: Revenue of $138K, expenses of $103K, and assets of $100K (revenue +11.6% year-over-year).
- 2011: Revenue of $124K, expenses of $124K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic Hollow Community Association:
Data Sources and Methodology
This transparency report for Magic Hollow Community Association 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.