Magic Penny Inc
- Assets
- $32.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- E Northport, NY
- Founding
- 03/2005
- EIN
- 56-2419098
Organization Overview
Magic Penny Inc is located in E Northport, NY. The organization was established in 2005. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Penny Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Magic Penny Inc generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $10.8k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,934 |
| Total Program Service Revenue | $68 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,003 |
| Statement of Expenses | |
|---|---|
| Total expenses | $10,845 |
| Balance Sheet | |
|---|---|
| Total assets | $31,962 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,962 |
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