Magnolia Manor of Macon Inc

Analysis

Magnolia Manor of Macon Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in February 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Magnolia Manor of Macon Inc reported income of $643k and spending of $1.1m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $858k to $643k (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 152% 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 Macon Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Plymouth Healing Communities ($643k), 1330 Morris Avenue Housing Development Fund Corp ($644k) and Ahepa 250-Iii Inc ($643k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $418k. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$43k. It reported 26 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.