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The Magic Yarn Project

Tax-deductible

Palmer, AK501(c)(3)Diseases & Disorders EIN 81-0828812Revenue $287K in FY2025

On file with the IRSthemagicyarnproject.comPo Box 83, 99645-0083 · Palmer, AKTax-exempt since May 2016Publicly supported — 509(a)(2)

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Our mission is to bring Magic into the lives of children battling cancer by providing Magic Yarn wigs that are inspired by beloved disney characters, and invite children back to the world of play and daydreaming; and to inspire volunteerism to make a difference.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 15,000 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $18K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $586K in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
20
named funders · $208K
Looks good: 20 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$287K
-27% vs prior year
Spent
$435K
To programs
99%
Net assets
$634K
By yearFY2020–FY2025
Revenue
$287K
FY2025▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$278K
FY2021$214K
FY2022$187K
FY2023$219K
FY2024$395K
FY2025$287K
Expenses
$435K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$235K
FY2021$142K
FY2022$181K
FY2023$223K
FY2024$470K
FY2025$435K
Net assets
$634K
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$189K
FY2021$261K
FY2022$267K
FY2023$264K
FY2024$562K
FY2025$634K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $433K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Holly Christensen
Founder/ Board President
$0Pt VII · Sec A
Sandy McCleve
Board VP and Treasurer
$0Pt VII · Sec A
Megan Kenley
Board Member
$0Pt VII · Sec A
Roxie Jorgenson
Board Member
$0Pt VII · Sec A
Jamie Metcalf
Board Secretary
$0Pt VII · Sec A
See The Magic Yarn Project executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Creates magical yarn wigs for children with cancer, inspiring play and volunteerism.

Questions for The Magic Yarn Project

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Provided by the organization

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1 program · $155K · in their own filed words · FY2025
01

Yarn wigs for children with hair loss.

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
California Foundation for Stronger CommunitiesFY2024$60K
Hebson Family FoundationFY2024$40K
American Online Giving Foundation INCFY2024$14K
Paypal Charitable Giving FundFY2024$11K
Donor Advised Charitable Giving INCFY2024$10K
Jewish Community Foundation of San DiegoFY2024$10K
Needy But Not Greedy Nancy L Amato and Robert a Amato FoundationFY2024$10K
Morgan Stanley Global Impact Funding Trust INCFY2024$10K
Total grants receivedfrom 20 funders$208K
See all 20 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$287K
Ln 12
Gifts and grantsLn 1h$270K
Investment incomeLn 3$18K
Money outPt IX
$435K
Ln 25
Programscol B$433K
Managementcol C$3K
Owns and owesPt X
$634K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$634K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Noncash giftsLn 1g$281K
Investment incomeLn 3$18K
Gains on assetsLn 7$0
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
InvestmentsLn 11–13$586K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$634K
LiabilitiesLn 26$0
Net assetsLn 32$634K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$75K$49K
InvestmentsLn 11–13$487K$586K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$562K$634K
LiabilitiesLn 26$0$0
Net assetsLn 32$562K$634K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$137$137
Information technologyLn 14$1K$1K
TravelLn 17$22K$22K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$281K$281K
All other expensesLn 24e$122K$120K$3K$0
Total functional expensesLn 25$435K$433K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $287K$435K−$148K$634K 990 PDF
FY2024 $395K$470K−$75K$562K 990 PDF
FY2023 $219K$223K−$3K$264K 990 PDF
FY2022 $187K$181K$6K$267K 990 PDF
FY2021 $214K$142K$72K$261K 990 PDF
FY2020 $278K$235K$43K$189K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $287,291 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $388,528$269,708
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,246$17,583
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $394,774$287,291
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $469,931$435,491
I-18 Total expensesPrior year $469,931$435,491
I-19 Revenue less expensesPrior year −$75,157−$148,200
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $287,291 across 8 lines filed
VIII-1f All other contributions, gifts and grants$269,708
VIII-1g Noncash contributions (included above)$280,730
VIII-1h Total contributions, gifts and grants$269,708
VIII-3 Investment income$17,583
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$287,291
Part IX · Statement of functional expenses $435,491 across 9 lines filed
IX-11c Accounting feesPrograms $3,848$3,848
IX-12 Advertising and promotionPrograms $3,750$3,750
IX-13 Office expensesPrograms $137$137
IX-14 Information technologyPrograms $1,114$1,114
IX-17 TravelPrograms $21,777$21,777
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,684$1,684
IX-24 Other expenses (24a–d)Programs $280,730$280,730
IX-24e All other expensesPrograms $119,842 · Management $2,609 · Fundraising $0$122,451
IX-25 Total functional expensesPrograms $432,882 · Management $2,609 · Fundraising $0$435,491
Part X · Balance sheet $634,372 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $74,514$48,817
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $486,991$585,555
X-16 Total assetsStart of year $561,505$634,372
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $561,505$561,505
X-32 Total net assets or fund balancesStart of year $561,505$634,372
X-33 Total liabilities and net assetsStart of year $561,505$634,372
Part XI · Reconciliation of net assets $634,372 net assets at year end
XI-1 Total revenue$287,291
XI-2 Total expenses$435,491
XI-3 Revenue less expenses−$148,200
XI-4 Net assets at start of year$561,505
XI-10 Net assets at end of year$634,372

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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