Magellan School

Analysis

Magellan School is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Magellan School reported income of $14.1m and spending of $12.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $14.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magellan School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Harding Academy ($14.1m), Prairie Seeds Academy ($14.1m) and Philips Academy Charter School Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $283k (2.3% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $56.5m against liabilities of $50.8m, net assets of $5.7m. It reported 177 employees.