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The Magik Theatre

EIN 74-2707895 · San Antonio, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MAGIK THEATRE CREATES THEATRICAL EXPERIENCES THAT IGNITE IMAGINATION, SPARK CURIOSITY, INSPIRE EMPATHY, AND FOSTER A LIFETIME LOVE OF LEARNING IN YOUNG PEOPLE.

Income
$2.5 million
Spending
$2.4 million
Spent on programs
71%
Reserves
-0.2 months of spending
Largest source of income
fees for its services, 37%
Employees
110
Volunteers
15
Highest pay
$84,546, mgmt director

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 20% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 71% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 5% of income.

  • Income trend

    15 of 15

    Income rose 18% on the year before.

  • Spending floor

    15 of 15

    71% of spending went to programs and raising each dollar of donations cost 22 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.3 million spent. THE THEATRE SERVES ALL OF THE SCHOOL DISTRICTS IN THE SAN ANTONIO AREA AS WELL SCHOOLS FROM CENTRAL AND SOUTH TEXAS, AND TO THE PUBLIC AT REASONABLE, AFFORDABLE PRICES. FROM OCTOBER 1, 2024 TO SEPTEMBER 30, 2025, THE THEATRE PERFORMED TO 87,434 CHILDREN AND ADULTS. THE THEATRE HAD A TOTAL OF 170 PERFORMANCES.
  2. $323,138 spent. THE THEATRE PROVIDES ACTING CLASSES FOR CHILDREN FROM AGES 6 TO 18. THE THEATRE HAS CLASSES DURING THE SCHOOL YEAR. THE THEATRE SERVED APPROXIMATELY 510 CHILDREN THROUGH THESE ACTING CLASSES. THE OBJECTIVE IS TO PROVIDE CREATIVE PROCESS THINKING AND CREATIVITY FOR CHILDREN IN A FUN AND EXCITING ENVIRONMENT.
  3. $119,051 spent. THE THEATRE BRINGS THEATRICAL PRODUCTIONS TO SCHOOLS IN SAN ANTONIO, SOUTH AND CENTRAL TEXAS DURING THE SCHOOL YEAR. THE THEATRE OFFERRED A COMBINED TOTAL OF 48 PRODUCTIONS AND SERVED 5,058 STUDENTS AND ADULTS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1995.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.