Society Of American Magicians Parent Assembly No 1 Inc
Society Of American Magicians Parent Assembly No 1 Inc maintains strong asset growth and zero liabilities with volunteer leadership.
EIN: 136144414 · Middletown, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $13K |
| Program Spending | 85% |
| Net Assets | $565K |
| Transparency Score | 85/100 |
Is Society Of American Magicians Parent Assembly No 1 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of American Magicians Parent Assembly No 1 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society Of American Magicians Parent Assembly No 1 Inc
Society Of American Magicians Parent Assembly No 1 Inc (EIN: 136144414) is a nonprofit organization based in Middletown, CT. The organization reported total revenue of $80K and total assets of $725K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of American Magicians Parent Assembly No 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of American Magicians Parent Assembly No 1 Inc is a micro nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $13K |
| Surplus / Deficit | +$13K |
| Total Assets | $565K |
| Net Assets | $565K |
| Operating Margin | 50.3% |
| Months of Reserves | 541.3 months |
Financial Health Grade: A
In 2023, Society Of American Magicians Parent Assembly No 1 Inc reported a surplus of $13K with revenue exceeding expenses, holds 541.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Society Of American Magicians Parent Assembly No 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | +33.8% | +0.6% |
| 2022 | +79.7% | +70.0% | -6.7% |
| 2021 | -15.3% | -33.9% | +17.0% |
| 2020 | -37.2% | -29.2% | +3.0% |
| 2019 | +49.2% | +23.5% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Society Of American Magicians Parent Assembly No 1 Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Society Of American Magicians Parent Assembly No 1 Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $13K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its 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 Society Of American Magicians Parent Assembly No 1 Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in public filings
- NTEE code is unknown, limiting understanding of specific mission focus
Strengths
The following positive indicators were identified for Society Of American Magicians Parent Assembly No 1 Inc:
- Consistent asset growth, from $431,731 in 2016 to $565,119 in 2023
- Zero liabilities reported across all filings, indicating strong financial health
- 0% officer compensation, suggesting volunteer leadership and efficient use of funds
- Expenses consistently lower than revenue in most recent years, leading to positive net income
- Stable and predictable financial operations for its size
Frequently Asked Questions about Society Of American Magicians Parent Assembly No 1 Inc
Is Society Of American Magicians Parent Assembly No 1 Inc a legitimate charity?
Society Of American Magicians Parent Assembly No 1 Inc (EIN: 136144414) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $80K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Society Of American Magicians Parent Assembly No 1 Inc spend its money?
Society Of American Magicians Parent Assembly No 1 Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society Of American Magicians Parent Assembly No 1 Inc tax-deductible?
Society Of American Magicians Parent Assembly No 1 Inc is registered as a tax-exempt nonprofit (EIN: 136144414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society Of American Magicians Parent Assembly No 1 Inc's spending goes to programs?
Society Of American Magicians Parent Assembly No 1 Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Society Of American Magicians Parent Assembly No 1 Inc located?
Society Of American Magicians Parent Assembly No 1 Inc is headquartered in Middletown, Connecticut and files with the IRS under EIN 136144414.
How many years of IRS 990 filings does Society Of American Magicians Parent Assembly No 1 Inc have?
Society Of American Magicians Parent Assembly No 1 Inc has 12 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 $80K in total revenue.
Is Society Of American Magicians Parent Assembly No 1 Inc a good charity?
Based on the financial data, the organization appears to be a well-managed and financially healthy entity. It consistently grows its assets, operates with no liabilities, and has volunteer leadership, all strong indicators of good stewardship. However, without detailed program expense breakdowns, it's hard to fully assess programmatic impact.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $431,731 in 2016 to $565,119 in 2023. It has also maintained zero liabilities throughout this period, indicating strong financial stability and prudent management.
What is the organization's approach to executive compensation?
The Society Of American Magicians Parent Assembly No 1 Inc reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership serves on a volunteer basis.
How efficient is the organization's spending?
While a detailed breakdown of program vs. administrative expenses is not provided, the organization consistently spends less than its revenue in most years (e.g., $12,528 expenses on $25,197 revenue in 2023), leading to asset growth. This suggests efficient management of its operational budget.
Filing History
IRS 990 filing history for Society Of American Magicians Parent Assembly No 1 Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Society Of American Magicians Parent Assembly No 1 Inc's revenue has grown by 391.5%, moving from $5K to $25K. Total assets increased by 22.2% over the same period, from $463K to $565K. Total functional expenses fell by 6.9%, from $13K to $13K. In its most recent filing year (2023), Society Of American Magicians Parent Assembly No 1 Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $13K | $565K | $0 | — | View 990 |
| 2022 | $30K | $9K | $562K | $0 | — | — |
| 2021 | $17K | $6K | $602K | $0 | — | — |
| 2020 | $20K | $8K | $515K | $0 | — | View 990 |
| 2019 | $32K | $12K | $500K | $0 | — | View 990 |
| 2018 | $21K | $10K | $491K | $0 | — | — |
| 2017 | $22K | $11K | $470K | $0 | — | View 990 |
| 2016 | $5K | $16K | $432K | $0 | — | View 990 |
| 2015 | $20K | $22K | $436K | $0 | — | View 990 |
| 2014 | $23K | $25K | $449K | $0 | — | View 990 |
| 2013 | $23K | $28K | $458K | $0 | — | View 990 |
| 2012 | $5K | $13K | $463K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $13K, and assets of $565K (revenue -16.5% year-over-year).
- 2022: Revenue of $30K, expenses of $9K, and assets of $562K (revenue +79.7% year-over-year).
- 2021: Revenue of $17K, expenses of $6K, and assets of $602K (revenue -15.3% year-over-year).
- 2020: Revenue of $20K, expenses of $8K, and assets of $515K (revenue -37.2% year-over-year).
- 2019: Revenue of $32K, expenses of $12K, and assets of $500K (revenue +49.2% year-over-year).
- 2018: Revenue of $21K, expenses of $10K, and assets of $491K (revenue -2.8% year-over-year).
- 2017: Revenue of $22K, expenses of $11K, and assets of $470K (revenue +359.5% year-over-year).
- 2016: Revenue of $5K, expenses of $16K, and assets of $432K (revenue -76.8% year-over-year).
- 2015: Revenue of $20K, expenses of $22K, and assets of $436K (revenue -10.8% year-over-year).
- 2014: Revenue of $23K, expenses of $25K, and assets of $449K (revenue +0.8% year-over-year).
- 2013: Revenue of $23K, expenses of $28K, and assets of $458K (revenue +342.8% year-over-year).
- 2012: Revenue of $5K, expenses of $13K, and assets of $463K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of American Magicians Parent Assembly No 1 Inc:
Data Sources and Methodology
This transparency report for Society Of American Magicians Parent Assembly No 1 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.