# Money Magnets Club

Youth business programs nonprofit in Charlotte, North Carolina 28208. EIN 87-1776021. Data as of November 8, 2026.

Page: https://backpr.com/find/nonprofit/871776021-money-magnets-club

## IRS facts

- Type: Youth business programs (IRS activity code O53)
- Tax status: 501(c)(3), contributions deductible, recognized 2022
- Source: IRS Business Master File, posted October 13, 2026: https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf

## How it compares

- Revenue rank: 35 of 352 youth development nonprofits in Charlotte.
- Revenue $138,355 is higher than roughly 40 to 50% of 352 youth development nonprofits in North Carolina; median $180,944.
- Source: IRS Business Master File, posted October 13, 2026; BackPR analysis.

## Local context

- Mecklenburg County, North Carolina: about 269,794 children under 18 (U.S. Census Bureau, July 1, 2024): https://www2.census.gov/programs-surveys/popest/datasets/2020-2024/counties/asrh/cc-est2024-agesex-all.csv
- 730 youth and community nonprofits in this directory in the county: 2.7 per 1,000 children.
- North Carolina rules: https://backpr.com/resources/states/north-carolina

## Questions

**What is Money Magnets Club's EIN?**

Money Magnets Club's EIN (Employer Identification Number) is 87-1776021. It is the nine-digit number the IRS uses to identify the organization. Source: IRS Exempt Organizations Business Master File posted October 13, 2026.

**Is Money Magnets Club a nonprofit?**

Yes. The IRS lists Money Magnets Club in Charlotte, North Carolina as tax-exempt under section 501(c)(3), recognized since 2022. This is from the IRS Business Master File posted October 13, 2026. Status can change, so check its current status on the IRS Tax Exempt Organization Search before you donate.

**Are donations to Money Magnets Club tax-deductible?**

Yes, the IRS lists gifts to Money Magnets Club as tax-deductible (IRS Business Master File posted October 13, 2026). How much you can deduct depends on your own taxes, and this is not tax advice. Check its current status on the IRS Tax Exempt Organization Search before you donate.

**What does Money Magnets Club do?**

The IRS classifies Money Magnets Club as: Youth business programs. It has not filed a Form 990 or 990-EZ with a mission statement that we have loaded.

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Data as of November 8, 2026. Sources: IRS Business Master File, IRS Form 990 series e-file data, U.S. Census Bureau. No officer or staff names are published.