Magnolia Tree Earth Center of Bedford Stuyvesant Inc

Analysis

Magnolia Tree Earth Center of Bedford Stuyvesant Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Magnolia Tree Earth Center of Bedford Stuyvesant Inc reported income of $264k and spending of $231k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $264k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Magnolia Tree Earth Center of Bedford Stuyvesant Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Reach and Teach Inc ($264k), Washington State University ($264k) and Junior Auxiliary of Tupelo Mississippi Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $210k against liabilities of $143k, net assets of $67k.