Magnolia Manor of Macon Supportive Housing Inc

Analysis

Magnolia Manor of Macon Supportive Housing Inc is a registered charity in United States, based in Americus, GA. It received its IRS tax-exemption ruling in July 1999, 27 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 Supportive Housing Inc reported income of $217k and spending of $328k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $201k to $217k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 132% 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 Supportive Housing Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Auburn Residential Development Corporation ($217k), Habitat for Humanity International ($217k) and Community Housing Resources Inc ($217k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.3m against liabilities of $2.3m, net assets of -$951k. It reported 1 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.