EIN 81-0828812

The Magic Yarn Project

Name: The Magic Yarn Project financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Palmer

State

Alaska

Year formed

2016

Most recent tax filings

2023-12-01

NTEE code, primary

G30: Cancer

Description

The Magic Yarn Project brings magic into the lives of children battling cancer by providing comfortable and warm yarn wigs inspired by beloved Disney characters, which invite children back to the world of play and daydreaming. These wigs are an alternative to traditional ones as chemotherapy treatments often leave young scalps too sensitive for them. With a mission to inspire volunteerism, The Magic Yarn Project is located in Palmer, AK.

Total revenues

$219,274

2023

Total expenses

$222,623

2023

Total assets

$263,826

2023

Num. employees

2023

Program areas at The Magic Yarn Project

Chemotherapy treatments often leave young scalps too sensitive for traditional wigs. Our Yarn wigs are comfy, soft, and warm. Magic Yarn wigs are inspired by beloved disney characters, and invite children back to The world of play and daydreaming. They are beacons of fun, laughter, and play, during scary times.

Who funds The Magic Yarn Project

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Hebson Family Foundation	2023-12	General & Unrestricted	$30,000
PayPal Giving Fund	2022-12	General Support	$9,192
The Bank of America Charitable Foundation	2023-12	Program/operating Support	$1,500
...and 6 more grants received

Personnel at The Magic Yarn Project

Name	Title	Compensation	Date of data
Holly Christensen	Founder and Board Chief Executive Officer	$0	2024-09-05
Jamie Metcalf	Secretary	$0	2023-12-31
Terry Fields	Board Treasurer	$0	2023-12-31
Brianna Hitchcock	Founder and Boar / Vice President	$0	2020-12-31

Financials for The Magic Yarn Project

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$219,158	$187,450	16.9%
Program services	$0	$0	-
Investment income and dividends	$116	$32	262.5%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$219,274	$187,482	17%

Form 990s for The Magic Yarn Project

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-09-05	990	View PDF
2022-12	2023-04-27	990	View PDF
2021-12	2022-10-18	990	View PDF
2020-12	2021-07-26	990	View PDF
2019-12	2020-09-14	990	View PDF
...and 2 more Form 990s

Organizations like The Magic Yarn Project

Organization	Type	Location	Revenue
Cancer Support Community of Montana	501(c)(3)	Bozeman, MT	$1,036,370
Breast Cancer Solutions	501(c)(3)	Lake Forest, CA	$339,680
Sisters Network / Breast Cancer African American (SNI)	501(c)(3)	Houston, TX	$1,063,896
Snowdrop Foundation	501(c)(3)	Houston, TX	$612,456
Norton & Elaine Sarnoff Center for Jewish Genetics	501(c)(3)	Chicago, IL	$613,313
Rush to Crush Cancer	501(c)(3)	Pittsburgh, PA	$919,265
Thyca Thyroid Cancer Survivors Association	501(c)(3)	Olney, MD	$653,723
Golfers Against Cancer	501(c)(3)	Houston, TX	$450,796
The Karen Wellington Memorial Foundation	501(c)(3)	Cincinnati, OH	$900,934
It Only Takes A Spark	501(c)(3)	Milbank, SD	$403,723

Data update history

November 12, 2024

Posted financials

Added Form 990 for fiscal year 2023

November 11, 2024

Updated personnel

Identified 1 new personnel

July 14, 2024

Received grants

Identified 2 new grant, including a grant for $1,500 from The Bank of America Charitable Foundation

January 2, 2024

Received grants

Identified 1 new grant, including a grant for $1,149 from AmazonSmile Foundation

November 26, 2023

Received grants

Identified 2 new grant, including a grant for $25,000 from Hebson Family Foundation

Nonprofit Types

Grantmaking organizationsDisease research fundraisersDisease-focused nonprofitsHeadquarter / parent organizationsCharities

Issues

HealthDiseases and disordersCancer

Characteristics

Conducts researchCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: PO Box 83; Palmer, AK 99645
Metro area: Anchorage, AK
County: Matanuska-Susitna Borough, AK
Website URL: themagicyarnproject.com/
Phone: (907) 764-2782

IRS details

EIN: 81-0828812
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2016
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: G30: Cancer
NAICS code, primary: 813212: Health and Disease Research Fundraising Organizations
Parent/child status: Independent

California AB-488 details

AB 488 status: May Operate or Solicit for Charitable Purposes
Charity Registration status: Current
FTB status revoked: Not revoked
AG Registration Number: CT0295041
FTB Entity ID: 6343579
AB 488 data last updated ("as-of") date: 2024-12-04

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The Magic Yarn Project

Program areas at The Magic Yarn Project

Who funds The Magic Yarn Project

Personnel at The Magic Yarn Project

Financials for The Magic Yarn Project

Form 990s for The Magic Yarn Project

Organizations like The Magic Yarn Project

Nonprofits

Product

Customers

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