Philadelphias Magic Gardens
Philadelphias Magic Gardens shows consistent revenue and asset growth with no reported officer compensation.
EIN: 201440309 · Philadelphia, PA · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| Net Assets | $4.1M |
| Transparency Score | 85/100 |
Is Philadelphias Magic Gardens Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philadelphias Magic Gardens directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Philadelphias Magic Gardens
Philadelphias Magic Gardens (EIN: 201440309) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A25. The organization reported total revenue of $1.9M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philadelphias Magic Gardens's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philadelphias Magic Gardens is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$778K |
| Total Assets | $5.6M |
| Total Liabilities | $1.5M |
| Net Assets | $4.1M |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 27.0% |
| Months of Reserves | 39.4 months |
Financial Health Grade: A
In 2023, Philadelphias Magic Gardens reported a surplus of $778K with revenue exceeding expenses, holds 39.4 months of operating reserves (strong position), has a debt-to-asset ratio of 27.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2009–2023), Philadelphias Magic Gardens's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +11.6% | +35.6% |
| 2022 | -0.8% | +38.4% | +3.3% |
| 2021 | +171.4% | +1.6% | +50.8% |
| 2020 | -51.7% | -20.8% | -7.2% |
| 2019 | +6.7% | +10.1% | +69.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Philadelphias Magic Gardens with a Mission Score of 85 out of 100 (Excellent). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Philadelphias Magic Gardens allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $778K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, warranting further investigation for complete transparency.
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 Philadelphias Magic Gardens's IRS 990 filings:
- No reported officer compensation, which may obscure true leadership costs if compensated through other means.
Strengths
The following positive indicators were identified for Philadelphias Magic Gardens:
- Consistent and strong revenue growth, from $673,899 in 2014 to $2,488,273 in 2023.
- Significant growth in assets, from $573,210 in 2014 to $5,620,836 in 2023, indicating strong financial health.
- Positive net income in most years, demonstrating financial sustainability (e.g., 2023 revenue $2,488,273 vs. expenses $1,710,074).
- Low liabilities relative to assets in recent years, suggesting a healthy balance sheet (e.g., 2023 assets $5,620,836 vs. liabilities $1,518,919).
Frequently Asked Questions about Philadelphias Magic Gardens
Is Philadelphias Magic Gardens a legitimate charity?
Philadelphias Magic Gardens (EIN: 201440309) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Philadelphias Magic Gardens spend its money?
Philadelphias Magic Gardens directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Philadelphias Magic Gardens tax-deductible?
Philadelphias Magic Gardens is registered as a tax-exempt nonprofit (EIN: 201440309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Philadelphias Magic Gardens's spending goes to programs?
Philadelphias Magic Gardens directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Philadelphias Magic Gardens compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Philadelphias Magic Gardens is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Philadelphias Magic Gardens located?
Philadelphias Magic Gardens is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 201440309. It is classified under NTEE code A25.
How many years of IRS 990 filings does Philadelphias Magic Gardens have?
Philadelphias Magic Gardens has 14 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 $1.9M in total revenue.
How does Philadelphias Magic Gardens manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual. It could indicate that executive leadership is entirely volunteer-based, or that compensation for key personnel is reported under different expense categories, such as 'salaries and wages' for non-officer staff, or as contractor fees. Further detail from the full 990 form would be needed to clarify this.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the organization shows strong overall financial health, a more granular view of spending would allow for a precise assessment of efficiency in delivering its mission versus overhead.
What is the organization's strategy for managing its growing asset base?
Philadelphias Magic Gardens has seen its assets grow significantly from $573,210 in 2014 to $5,620,836 in 2023. This substantial growth suggests effective financial management and potentially strategic investments or capital improvements. Understanding the specific nature of these assets (e.g., property, investments) and the strategy behind their accumulation would provide deeper insight into the organization's long-term sustainability and mission impact.
Filing History
IRS 990 filing history for Philadelphias Magic Gardens showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Philadelphias Magic Gardens's revenue has grown by 1086.4%, moving from $210K to $2.5M. Total assets increased by 1460.4% over the same period, from $360K to $5.6M. Total functional expenses rose by 708.6%, from $211K to $1.7M. In its most recent filing year (2023), Philadelphias Magic Gardens reported a surplus of $778K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $5.6M in assets (debt-to-asset ratio: 27.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.7M | $5.6M | $1.5M | — | — |
| 2022 | $2.2M | $1.5M | $4.1M | $822K | — | View 990 |
| 2021 | $2.2M | $1.1M | $4.0M | $1.3M | — | View 990 |
| 2020 | $800K | $1.1M | $2.7M | $1.0M | — | — |
| 2019 | $1.7M | $1.4M | $2.9M | $943K | — | View 990 |
| 2018 | $1.6M | $1.2M | $1.7M | $49K | — | View 990 |
| 2017 | $1.5M | $1.1M | $1.4M | $84K | — | — |
| 2016 | $1.4M | $990K | $1.1M | $127K | — | View 990 |
| 2015 | $838K | $709K | $712K | $131K | — | View 990 |
| 2014 | $674K | $601K | $573K | $121K | — | View 990 |
| 2013 | $596K | $512K | $497K | $118K | — | View 990 |
| 2012 | $494K | $461K | $424K | $129K | — | View 990 |
| 2011 | $423K | $396K | $385K | $123K | — | View 990 |
| 2009 | $210K | $211K | $360K | $114K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.7M, and assets of $5.6M (revenue +15.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.5M, and assets of $4.1M (revenue -0.8% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.1M, and assets of $4.0M (revenue +171.4% year-over-year).
- 2020: Revenue of $800K, expenses of $1.1M, and assets of $2.7M (revenue -51.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $2.9M (revenue +6.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.2M, and assets of $1.7M (revenue +4.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.1M, and assets of $1.4M (revenue +7.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $990K, and assets of $1.1M (revenue +64.9% year-over-year).
- 2015: Revenue of $838K, expenses of $709K, and assets of $712K (revenue +24.3% year-over-year).
- 2014: Revenue of $674K, expenses of $601K, and assets of $573K (revenue +13.0% year-over-year).
- 2013: Revenue of $596K, expenses of $512K, and assets of $497K (revenue +20.7% year-over-year).
- 2012: Revenue of $494K, expenses of $461K, and assets of $424K (revenue +16.7% year-over-year).
- 2011: Revenue of $423K, expenses of $396K, and assets of $385K (revenue +101.7% year-over-year).
- 2009: Revenue of $210K, expenses of $211K, and assets of $360K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philadelphias Magic Gardens:
Data Sources and Methodology
This transparency report for Philadelphias Magic Gardens 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.