Magic Valley Festival Of Giving Inc
EIN: 461423300 · Twin Falls, ID · NTEE: T99
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| Net Assets | $10K |
Is Magic Valley Festival Of Giving Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic Valley Festival Of Giving Inc
Magic Valley Festival Of Giving Inc (EIN: 461423300) is a nonprofit organization based in Twin Falls, ID, classified under NTEE code T99. 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 Valley Festival Of Giving Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic Valley Festival Of Giving Inc is a micro nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -58.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16 |
| Total Expenses | $2K |
| Surplus / Deficit | $-2,364 |
| Total Assets | $10K |
| Net Assets | $10K |
| Operating Margin | -14775.0% |
| Months of Reserves | 50.8 months |
Financial Health Grade: B
In 2023, Magic Valley Festival Of Giving Inc reported a deficit of $2K with expenses exceeding revenue, holds 50.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Magic Valley Festival Of Giving Inc's revenue has declined at a compound annual growth rate (CAGR) of -58.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +220.0% | +32.4% | -19.0% |
| 2022 | -76.2% | +474.1% | -12.6% |
| 2020 | -100.9% | -96.3% | -66.2% |
| 2019 | -19.6% | -18.3% | +36.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic Valley Festival Of Giving Inc 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 Valley Festival Of Giving Inc 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 deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Magic Valley Festival Of Giving Inc
Is Magic Valley Festival Of Giving Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Magic Valley Festival Of Giving Inc (EIN: 461423300) insufficient data. 0 red flags identified, 0 strengths noted.
How does Magic Valley Festival Of Giving Inc spend its money?
Detailed spending breakdown data is not yet available for Magic Valley Festival Of Giving Inc. Check back for updated IRS 990 analysis.
Are donations to Magic Valley Festival Of Giving Inc tax-deductible?
Magic Valley Festival Of Giving Inc is registered as a tax-exempt nonprofit (EIN: 461423300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic Valley Festival Of Giving Inc located?
Magic Valley Festival Of Giving Inc is headquartered in Twin Falls, Idaho and files with the IRS under EIN 461423300. It is classified under NTEE code T99.
How many years of IRS 990 filings does Magic Valley Festival Of Giving Inc have?
Magic Valley Festival Of Giving Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Magic Valley Festival Of Giving Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Magic Valley Festival Of Giving Inc's revenue has declined by 100%, moving from $116K to $16. Total assets increased by 202.3% over the same period, from $3K to $10K. Total functional expenses fell by 97.9%, from $113K to $2K. In its most recent filing year (2023), Magic Valley Festival Of Giving Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16 | $2K | $10K | $0 | — | — |
| 2022 | $5 | $2K | $12K | $0 | — | View 990 |
| 2021 | $21 | $313 | $14K | $0 | — | — |
| 2020 | $-2,370 | $10K | $15K | $0 | — | View 990 |
| 2019 | $274K | $268K | $43K | $16K | — | View 990 |
| 2018 | $340K | $329K | $32K | $10K | — | View 990 |
| 2017 | $272K | $270K | $10K | $0 | — | View 990 |
| 2016 | $226K | $221K | $8K | $0 | — | View 990 |
| 2015 | $184K | $183K | $4K | $0 | — | View 990 |
| 2014 | $148K | $149K | $3K | $0 | — | View 990 |
| 2013 | $116K | $113K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16, expenses of $2K, and assets of $10K (revenue +220.0% year-over-year).
- 2022: Revenue of $5, expenses of $2K, and assets of $12K (revenue -76.2% year-over-year).
- 2021: Revenue of $21, expenses of $313, and assets of $14K.
- 2020: Revenue of $-2,370, expenses of $10K, and assets of $15K (revenue -100.9% year-over-year).
- 2019: Revenue of $274K, expenses of $268K, and assets of $43K (revenue -19.6% year-over-year).
- 2018: Revenue of $340K, expenses of $329K, and assets of $32K (revenue +25.2% year-over-year).
- 2017: Revenue of $272K, expenses of $270K, and assets of $10K (revenue +20.4% year-over-year).
- 2016: Revenue of $226K, expenses of $221K, and assets of $8K (revenue +22.7% year-over-year).
- 2015: Revenue of $184K, expenses of $183K, and assets of $4K (revenue +24.0% year-over-year).
- 2014: Revenue of $148K, expenses of $149K, and assets of $3K (revenue +28.4% year-over-year).
- 2013: Revenue of $116K, expenses of $113K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic Valley Festival Of Giving Inc:
Data Sources and Methodology
This transparency report for Magic Valley Festival Of Giving 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.