Magic House Inc
Magic House Inc. shows no financial activity in its latest filing after a decade of small-scale operations.
EIN: 10758063 · South Burlington, VT · NTEE: B99 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Expenses | $78K |
| Program Spending | 80% |
| Net Assets | $414 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Magic House Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Magic House Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Magic House Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $69K and expenses of $78K.
Revenue and Expenses
Magic House Inc reported $69K in revenue and $78K in expenses, a deficit of $9K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Magic House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $63K (80%) |
Across stored filings, Magic House Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 10 stored filing years |
| Peer context | Compare with Everybody Wins Vermont Inc | Vermont and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Everybody Wins Vermont Inc →All Vermont nonprofits
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Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
South Burlington, VT nonprofitsEducation in Vermont
Education in Vermont
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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Donation Decision Flow
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Keep the Investigation Moving
Magic House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Magic House Inc
Magic House Inc (EIN: 10758063) is a nonprofit organization based in South Burlington, VT, classified under NTEE code B99. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic House Inc is a micro nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $78K |
| Surplus / Deficit | $-9,396 |
| Total Assets | $414 |
| Net Assets | $414 |
| Operating Margin | -13.6% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2020, Magic House Inc reported a deficit of $9K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2012–2020), Magic House Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -60.4% | -59.5% | -95.9% |
| 2019 | -23.5% | -18.9% | -65.9% |
| 2018 | +99.9% | +98.7% | -26.7% |
| 2017 | -44.1% | -38.5% | -13.3% |
| 2016 | +9.0% | +1.0% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magic House Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Magic House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Magic House Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or dissolution.
- Significant decline in assets from a peak of $46,215 in 2016 to $414 in 2020, and then $0 in the latest period.
Strengths
The following positive indicators were identified for Magic House Inc:
- Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds for leadership.
- History of consistent IRS 990 filings, demonstrating a commitment to transparency over a decade.
- Historically operated with relatively low liabilities, often reporting $0 liabilities.
Frequently Asked Questions about Magic House Inc
Is Magic House Inc a legitimate charity?
Magic House Inc (EIN: 10758063) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Magic House Inc spend its money?
Magic House Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Magic House Inc tax-deductible?
Magic House Inc is registered as a tax-exempt nonprofit (EIN: 10758063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Magic House Inc's spending goes to programs?
Magic House Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Magic House Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Magic House Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Magic House Inc located?
Magic House Inc is headquartered in South Burlington, Vermont and files with the IRS under EIN 10758063. It is classified under NTEE code B99.
How many years of IRS 990 filings does Magic House Inc have?
Magic House Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Magic House Inc. still operational?
The latest financial data shows $0 in revenue and assets, which strongly suggests the organization may no longer be actively operating or has significantly scaled down its activities. Further inquiry directly with the organization would be necessary to confirm its current status.
What caused the sudden drop to $0 revenue and assets in the latest period?
The provided data does not specify the reason for the abrupt cessation of financial activity. This could be due to a merger, dissolution, or a change in reporting status, and would require further investigation beyond the scope of the provided IRS 990 summaries.
How did Magic House Inc. manage its expenses relative to revenue historically?
Historically, Magic House Inc. generally managed its expenses closely to its revenue. For example, in 2020, expenses ($78,490) slightly exceeded revenue ($69,094), while in 2016, revenue ($204,069) exceeded expenses ($195,559). This indicates a pattern of operating near break-even.
Filing History
IRS 990 filing history for Magic House Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2020), Magic House Inc's revenue has declined by 24.9%, moving from $92K to $69K. Total assets decreased by 77.3% over the same period, from $2K to $414. Total functional expenses fell by 14.4%, from $92K to $78K. In its most recent filing year (2020), Magic House Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $69K | $78K | $414 | $0 | — | View 990 |
| 2019 | $175K | $194K | $10K | $195 | — | View 990 |
| 2018 | $228K | $239K | $29K | $195 | — | View 990 |
| 2017 | $114K | $120K | $40K | $0 | — | View 990 |
| 2016 | $204K | $196K | $46K | $0 | — | View 990 |
| 2015 | $187K | $194K | $38K | $0 | — | View 990 |
| 2014 | $159K | $141K | $44K | $0 | — | View 990 |
| 2013 | $130K | $106K | $26K | $0 | — | View 990 |
| 2013 | $92K | $92K | $2K | $0 | — | — |
| 2012 | $92K | $92K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $69K, expenses of $78K, and assets of $414 (revenue -60.4% year-over-year).
- 2019: Revenue of $175K, expenses of $194K, and assets of $10K (revenue -23.5% year-over-year).
- 2018: Revenue of $228K, expenses of $239K, and assets of $29K (revenue +99.9% year-over-year).
- 2017: Revenue of $114K, expenses of $120K, and assets of $40K (revenue -44.1% year-over-year).
- 2016: Revenue of $204K, expenses of $196K, and assets of $46K (revenue +9.0% year-over-year).
- 2015: Revenue of $187K, expenses of $194K, and assets of $38K (revenue +17.7% year-over-year).
- 2014: Revenue of $159K, expenses of $141K, and assets of $44K (revenue +22.1% year-over-year).
- 2013: Revenue of $130K, expenses of $106K, and assets of $26K (revenue +41.6% year-over-year).
- 2013: Revenue of $92K, expenses of $92K, and assets of $2K (revenue +0.0% year-over-year).
- 2012: Revenue of $92K, expenses of $92K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic House Inc:
Data Sources and Methodology
This transparency report for Magic House Inc 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.