Magdalene House of Charleston

Analysis

Magdalene House of Charleston is a registered charity in United States, based in Ladson, SC. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magdalene House of Charleston reported income of $116k and spending of $134k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $116k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magdalene House of Charleston sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Feed Lees Summit Inc ($116k), Delaware Magic Girls Fast Pitch ($116k) and Crossroads Mission Care Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 48% of the total. At year end it held assets of $204k against liabilities of $120k, net assets of $83k.