Steel Magnolias

Analysis

Steel Magnolias is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Steel Magnolias reported income of $263k and spending of $199k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $263k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Steel Magnolias sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Play Adk Inc ($263k), Bikers Against Bullies USA ($263k) and Young Urban Christians & Artists Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $703k against liabilities of $9,318, net assets of $693k.