Overview
What is Tahoe Magic Inc?
Tahoe Magic Inc, a nonprofit organization based in South Lake Tahoe, California, offers financial aid to local families in need. Their mission is to provide one-time assistance to fragile families experiencing crises. The support they offer includes necessities such as food, rent, clothing, medical expenses, and utility bills. In addition, they distribute Christmas gifts and clothing to underprivileged children in the South Lake Tahoe area. Their activities aim to alleviate the financial burdens faced by vulnerable families in their community.
Official website here: www.tahoemagic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Tahoe Magic Inc has achieved a 79% score, indicating a solid level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members not affiliated with the charity, which contributes positively to its governance. Notably, Tahoe Magic maintains a high program expense ratio of 99.04%, reflecting its commitment to spending the majority of its resources on its charitable programs.
However, there are areas for improvement, as the organization lacks critical policies such as a conflict of interest policy, a whistleblower policy, and document retention and destruction policies. These shortcomings are reflected in the lower scores in those specific accountability categories. Despite these gaps, the absence of any material diversion of assets and a strong liabilities to assets ratio of 0% highlight the organization's financial stability.
Feedback from users is overwhelmingly positive, with one reviewer praising Tahoe Magic for its significant impact on families in need. This positive perception aligns well with the organization's mission to support the community, confirming its strong reputation among the public. For more insights, you can visit their profile on Great Nonprofits at [Great Nonprofits](https://greatnonprofits.org/org/tahoe-magic-inc).
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Tahoe Magic Inc legitimate?
Tahoe Magic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tahoe Magic Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tahoemagic.org
What is the mission statement of Tahoe Magic Inc?
Tahoe Magic Inc's mission is centered around providing one-time financial aid to vulnerable families facing crises in their lives. This assistance is intended to help cover essential living expenses such as food, rent, clothing, medical bills, utilities, and other necessities. During the holiday season, Tahoe Magic also extends its support by distributing gifts and clothing to needy children in the South Lake Tahoe area. The organization's primary goal is to alleviate the financial burdens of these families during difficult times.
Official website here: www.tahoemagic.org
Who is the CEO of Tahoe Magic Inc?
Kerry S David is the President of Tahoe Magic Inc.
Official website here: www.tahoemagic.org
What is the revenue of Tahoe Magic Inc?
Tahoe Magic Inc's revenue in 2022 was $210,126.
Official website here: www.tahoemagic.org
Who are the executives of Tahoe Magic Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.tahoemagic.org
Where can I find the form 990 for Tahoe Magic Inc?
Tahoe Magic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tahoemagic.org
Learn more at the official website: www.tahoemagic.org
Mission Statement of Tahoe Magic Inc
Tahoe Magic Inc, a nonprofit organization, is dedicated to its mission of providing one-time financial assistance to vulnerable families in crisis. This mission is carried out by offering support with essential living expenses such as food, rent, clothing, medical bills, and utility payments. The primary goal of Tahoe Magic Inc is to alleviate the financial burden on fragile families, thereby improving their overall living conditions. In addition to this, Tahoe Magic Inc distributes Christmas gifts and clothing to needy children in the South Lake Tahoe area, spreading joy and support during the holiday season.
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Impact
October, 2024
Tahoe Magic Inc plays a crucial role in supporting vulnerable families in the South Lake Tahoe area by providing essential financial assistance for living expenses. This organization addresses immediate needs such as food, rent, clothing, medical expenses, and utilities, helping families navigate periods of crisis.
In addition to financial support, Tahoe Magic Inc enhances the lives of local children by distributing Christmas gifts and clothing, ensuring that those in need experience the joy of the holiday season. By focusing on fragile families facing acute challenges, Tahoe Magic Inc not only alleviates financial burdens but also promotes stability and wellbeing within the community. Their work fosters resilience and hope, making a significant positive impact on the lives of those they serve.
This information is meant to be a general summary of Tahoe Magic Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9
- Gross Receipts: $210,126
Assets and Liabilities:
- Total Assets: $223,142
- Total Liabilities: $0
- Net Assets: $223,142
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Organization Details
Founding Year
1994
Phone
(530) 544-6754Principal Officer
Kerry S David
Main Address
PO BOX 13070, SOUTH LAKE TAHOE, CA, 96151
Website
www.tahoemagic.orgNTEE Category
Code: B90 - Education
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