Magdalene Hope Inc

Analysis

Magdalene Hope Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Magdalene Hope Inc reported income of $152k and spending of $226k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $152k (+2.4%), an average of +2.4% a year. Over the whole period it spent 141% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Magdalene Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Team Sports Ministries Inc ($152k), Mike Q Daniel Ministries ($152k) and Enjoying God Ministries Inc ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.