Magnolia Manor of St Simons Inc

Analysis

Magnolia Manor of St Simons Inc is a registered charity in United States, based in Americus, GA. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Magnolia Manor of St Simons Inc reported income of $7.7m and spending of $10.3m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.8m to $7.7m (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Magnolia Manor of St Simons Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Beyond Shelter Inc ($7.7m), Hope-Spectrum Health CC ($7.7m) and The National Alliance to End Homelessness Incorporated ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $3.7m against liabilities of $6.2m, net assets of -$2.4m. It reported 124 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.