Magdalene Serenity House Inc

Analysis

Magdalene Serenity House Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Magdalene Serenity House Inc reported income of $596k and spending of $636k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $596k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Magdalene Serenity House Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include Piedmont Community Land Trust ($596k), South Bay Community Land Trust ($596k) and Ahepa 310-X Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $262k. At year end it held assets of $1.2m against liabilities of $16k, net assets of $1.1m. It reported 7 employees.