Public Charity

MAGIC JOHNSON FOUNDATION

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. 5 publicly reported grants to this organization, totaling roughly $115K, appear in IRS filings.

EIN: 883208058 BEVERLY HILLS, CA Latest filing: 2024
Total Revenue$257K
Total Expenses$399K
Total Assets$704K
Grant Records5
Funding Total$115K
Filing Years2022–2024

Mission

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.

Officers & Directors

SECRETARY, DIRECTOR Earletha Johnson
BOARD CHAIR, PRESIDENT, DI Earvin Johnson Jr
TREASURER, DIRECTOR Kawanna Brown

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$50,000 1 grant
HUMAN SERVICES
$25,000 1 grant
GENERAL
$20,250 1 grant
GENERAL SUPPORT
$10,000 1 grant
SCHOLARSHIPS
$10,000 1 grant

Financial Trends

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.

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