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

$0Revenue

$0Assets

65/100Mission Score (Good)

B99

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.

AI Transparency Report

Magic House Inc. appears to be a small, community-focused organization, as indicated by its relatively modest revenues and assets over the past decade. The organization has consistently operated with revenues ranging from approximately $69,000 to $228,000, and expenses generally tracking closely with revenue, often resulting in small deficits or surpluses. For instance, in 2020, expenses of $78,490 exceeded revenues of $69,094, while in 2016, revenues of $204,069 exceeded expenses of $195,559. The organization's assets have remained low, peaking at $46,215 in 2016 and dropping to $414 in 2020, suggesting limited financial reserves. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean operational structure, which can be a positive sign for donor confidence regarding administrative overhead.

However, the latest filing period (2021-present) shows $0 in both revenue and assets, which is a significant concern and suggests the organization may no longer be actively operating or has undergone a substantial change in its financial activities. This abrupt cessation of financial activity, following a decade of consistent, albeit small, operations, warrants further investigation. Without more detailed expense breakdowns (program, administrative, fundraising) from the 990s, a precise assessment of spending efficiency is challenging, but the lack of officer compensation points to a potentially efficient use of funds for its size.

In terms of transparency, the consistent filing of IRS Form 990s over a decade demonstrates a commitment to public disclosure. However, the current 'zero' financial status is a major transparency issue, as it leaves a significant gap in understanding the organization's current operational status and financial health. Donors and stakeholders would need clarification on why the organization's latest reported financials are zero after years of activity.

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.

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. 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.	PDF
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.

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.