Magdalen College

Analysis

Magdalen College is a registered charity in United States, based in Wilmot, NH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Magdalen College reported income of $3.6m and spending of $3.4m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.6m to $3.6m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magdalen College sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NH. Charities of a similar size with the same main cause include Futures and Options Inc ($3.6m), Orange County Electrical Joint Apprenticeship and Training ($3.6m) and Beaver County Christian School Association ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $148k (4.3% of expenses). Other salaries and wages came to $844k. At year end it held assets of $91k against liabilities of $29k, net assets of $62k. It reported 81 employees.