Southwest Magic Food Program
Southwest Magic Food Program consistently operates near break-even with no reported officer compensation.
EIN: 161776733 · Fresno, TX · NTEE: K30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $70K |
| Transparency Score | 85/100 |
Is Southwest Magic Food Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southwest Magic Food Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southwest Magic Food Program
Southwest Magic Food Program (EIN: 161776733) is a nonprofit organization based in Fresno, TX, classified under NTEE code K30. The organization reported total revenue of $2.9M and total assets of $462K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Magic Food Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwest Magic Food Program is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-36,030 |
| Total Assets | $278K |
| Total Liabilities | $208K |
| Net Assets | $70K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 74.9% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2022, Southwest Magic Food Program reported a deficit of $36K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 74.9% (high leverage).
Financial Trends
Over 9 years of filings (2014–2022), Southwest Magic Food Program's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +8.9% | +13.4% | +7.5% |
| 2021 | +10.9% | -0.5% | +35.7% |
| 2020 | -12.7% | -3.9% | -14.9% |
| 2019 | +9.7% | +9.4% | +10.7% |
| 2018 | +15.2% | +15.5% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Southwest Magic Food Program 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, Southwest Magic Food Program 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $2 million.
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 Southwest Magic Food Program's IRS 990 filings:
- Lack of detailed expense breakdown in available data makes full spending efficiency assessment difficult.
- Consistent 0% officer compensation for an organization of this size is unusual and might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Southwest Magic Food Program:
- Consistent revenue growth over the past decade, from $1,025,472 in 2014 to $2,451,063 in 2022.
- Operations consistently near break-even, suggesting efficient use of funds for current programs.
- No reported officer compensation, indicating a strong commitment to directing funds to the mission.
- Healthy asset growth, from $117,666 in 2014 to $278,362 in 2022, enhancing long-term stability.
Frequently Asked Questions about Southwest Magic Food Program
Is Southwest Magic Food Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwest Magic Food Program (EIN: 161776733) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Southwest Magic Food Program spend its money?
Southwest Magic Food Program directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southwest Magic Food Program tax-deductible?
Southwest Magic Food Program is registered as a tax-exempt nonprofit (EIN: 161776733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southwest Magic Food Program CEO make?
Southwest Magic Food Program's highest-compensated officer earns $2 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southwest Magic Food Program's spending goes to programs?
Southwest Magic Food Program directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southwest Magic Food Program compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southwest Magic Food Program is above average for NTEE category K30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southwest Magic Food Program located?
Southwest Magic Food Program is headquartered in Fresno, Texas and files with the IRS under EIN 161776733. It is classified under NTEE code K30.
How many years of IRS 990 filings does Southwest Magic Food Program have?
Southwest Magic Food Program has 9 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 $2.9M in total revenue.
Is Southwest Magic Food Program financially stable?
The organization appears to be financially stable, consistently generating over $2 million in revenue annually in recent years and maintaining a near break-even operation. Assets have also shown growth, from $117,666 in 2014 to $278,362 in 2022.
How does Southwest Magic Food Program manage its liabilities?
Liabilities have fluctuated but generally remain manageable relative to assets. For example, in 2022, liabilities were $208,486 against assets of $278,362, indicating a healthy asset-to-liability ratio.
What is the trend in the organization's revenue?
Revenue has shown a strong upward trend over the past decade, growing from $1,025,472 in 2014 to $2,451,063 in 2022, demonstrating consistent growth and donor support.
Filing History
IRS 990 filing history for Southwest Magic Food Program showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Southwest Magic Food Program's revenue has grown by 139%, moving from $1.0M to $2.5M. Total assets increased by 136.6% over the same period, from $118K to $278K. Total functional expenses rose by 142.5%, from $1.0M to $2.5M. In its most recent filing year (2022), Southwest Magic Food Program reported a deficit of $36K, with expenses exceeding revenue. The organization holds $208K in liabilities against $278K in assets (debt-to-asset ratio: 74.9%), resulting in net assets of $70K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.5M | $2.5M | $278K | $208K | — | View 990 |
| 2021 | $2.3M | $2.2M | $259K | $153K | — | View 990 |
| 2020 | $2.0M | $2.2M | $191K | $143K | — | View 990 |
| 2019 | $2.3M | $2.3M | $224K | $3K | — | View 990 |
| 2018 | $2.1M | $2.1M | $203K | $16K | — | View 990 |
| 2017 | $1.8M | $1.8M | $176K | $15K | — | View 990 |
| 2016 | $1.4M | $1.2M | $137K | $4K | — | View 990 |
| 2015 | $1.4M | $1.4M | $85K | $77K | — | View 990 |
| 2014 | $1.0M | $1.0M | $118K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $278K (revenue +8.9% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.2M, and assets of $259K (revenue +10.9% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.2M, and assets of $191K (revenue -12.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $224K (revenue +9.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $203K (revenue +15.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $176K (revenue +34.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $137K (revenue -0.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $85K (revenue +34.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwest Magic Food Program:
Data Sources and Methodology
This transparency report for Southwest Magic Food Program 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.