Magi-fund Inc
Only null% goes to programs Strong reserves Declining revenue
Magi-fund Inc is a 501(c)(3) organization based in Salisbury, Maryland, registered in 1995, with $103,311 in FY2024 revenue. CharityIndex grades it C+.
1210 Orchard Cir, Salisbury, MD, 21801 EIN 52-1903823 Since 1995
Revenue (FY2024)
$103K
▼ 0.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$103K
Net assets
$845K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Magi-fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating99 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Magi-fund Inc: 99 mo reserves · +0% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Magi-fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Magi-fund Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1210 Orchard Cir, Salisbury, MD, 21801
- City
- Salisbury
- State
- Maryland
- Category
- Human Services
- Subcategory
- Human Service Organizations
Financial trends
Revenue grew from $97K (FY2012) to $103K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $845K
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$845K
Total liabilities
$0
Net assets
$845K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,311▼0.8% | $102,810▼4.0% | $844,789▲6.6% | $844,789▲6.6% | 990 |
| 2023 | $104,102▼2.5% | $107,067▼6.5% | $792,208▲11.5% | $792,208▲11.5% | 990 |
| 2022 | $106,744▼21.3% | $114,491▼14.2% | $710,340▼15.9% | $710,340▼15.9% | 990 |
| 2021 | $135,622▲80.0% | $133,373▲87.7% | $844,390▲18.3% | $844,390▲18.3% | 990 |
| 2020 | $75,359▼11.1% | $71,043▼16.4% | $713,795▲6.5% | $713,795▲6.5% | 990 |
| 2019 | $84,796▼42.5% | $85,023▼43.6% | $669,957▲16.5% | $669,957▲16.5% | 990 |
| 2018 | $147,427▲43.3% | $150,675▲74.7% | $575,314▼10.8% | $575,314▼10.8% | 990 |
| 2017 | $102,847▼34.9% | $86,224▼23.8% | $645,026▲13.0% | $645,026▲13.0% | 990 |
| 2016 | $157,863▲55.6% | $113,163▼5.7% | $570,622▲8.5% | $570,622▲8.5% | 990 |
| 2015 | $101,452▲7.9% | $119,940▲14.8% | $525,921▼6.8% | $525,921▼6.8% | 990 |
| 2014 | $94,059▲4.5% | $104,433▼2.3% | $564,330▲2.1% | $564,330▲2.1% | 990 |
| 2013 | $90,047▼7.1% | $106,878▲2.2% | $552,801▲15.5% | $552,801▲15.5% | 990 |
| 2012 | $96,969 | $104,543 | $478,520 | $478,520 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Magi-fund Inc a legitimate nonprofit?
- Yes. Magi-fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1903823, based in Salisbury, Maryland. Donations are tax-deductible.
- What is Magi-fund Inc's EIN?
- Magi-fund Inc's Employer Identification Number (EIN) is 52-1903823.
- How much revenue does Magi-fund Inc report?
- Magi-fund Inc reported $103,311 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Magi-fund Inc have?
- CharityIndex grades Magi-fund Inc C+, based on financial health (reserves and operating margin).
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Data for Magi-fund Inc (EIN 52-1903823) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.