Magnolia Heights School Inc

Analysis

Magnolia Heights School Inc is a registered charity in United States, based in Senatobia, MS. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Magnolia Heights School Inc reported income of $8.0m and spending of $6.1m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.8m to $8.0m (+65%), an average of +13% a year. The sharpest change came in the year to July 2021, when income rose by 25%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Heights School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include Welch College ($8.0m), Swift Learning Center Inc ($8.0m) and Cedars Academy ($8.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $142k (2.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $17.1m against liabilities of $7.6m, net assets of $9.5m. It reported 149 employees.