Magnified Giving

Analysis

Magnified Giving is a registered charity in United States, based in Evendale, OH. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Magnified Giving reported income of $2.9m and spending of $788k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $629k to $2.9m (+362%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 347%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Magnified Giving sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Nassau County Ahrc Foundation Inc ($2.9m), United Way of Door County Inc ($2.9m) and Laboure Society ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). Other salaries and wages came to $235k. At year end it held assets of $3.7m against liabilities of $22k, net assets of $3.7m. It reported 8 employees.