Magnolia Christian School

Analysis

Magnolia Christian School is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in May 2019, 7 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, Magnolia Christian School reported income of $801k and spending of $717k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $305k to $801k (+162%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 163%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Christian School sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Computer Science Alliance ($800k), Wildwood School Inc ($801k) and Determined to Succeed ($800k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (17% of expenses). Other salaries and wages came to $277k. At year end it held assets of $1.6m against liabilities of $702k, net assets of $859k. It reported 45 employees.