MAGIC JOHNSON FOUNDATION, of BEVERLY HILLS, CA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $257K in revenue, $399K in expenses, $704K in total assets. 6 publicly reported grants to this organization, totaling roughly $115K, appear in IRS filings.
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO INITIATE AND SUPPORT PROGRAMS THAT HELP TO SERVE UNDERSERVED COMMUNITIES AND ENHANCE THE LIVES OF UNDERPRIVILEGED AND NEEDY INDIVIDUALS, AND TO INITIATE AND SUPPORT CHARITABLE PROGRAMS THAT FURTHER THE HEALTH AND EDUCATION OF THE PUBLIC.
How Magic Johnson Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 6 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $257K | $399K | $704K |
| 2023 | $1.1M | $300K | $949K |
| 2022 | $135K | $105K | $30K |
Between 2022 and 2024, reported annual revenue grew from $135K to $257K (+90%), with total assets most recently reported at $704K.
Interactive year-over-year charts and full filing details available with membership.
