Magnolia Properties Management Inc

Analysis

Magnolia Properties Management Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Magnolia Properties Management Inc reported income of $53.4m and spending of $2.4m, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $53.4m (+1701%), an average of +106% a year. The sharpest change came in the year to June 2023, when income rose by 2215%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Properties Management Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Real Journey Academies Inc ($53.4m), Polytechnic School ($53.4m) and Achievement First Rhode Island ($53.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 19% of the total. At year end it held assets of $109.2m against liabilities of $55.6m, net assets of $53.6m.