Magnolia Clubhouse Inc

Analysis

Magnolia Clubhouse Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Clubhouse Inc reported income of $3.5m and spending of $2.8m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.5m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magnolia Clubhouse Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Center for Advancing Public Health ($3.4m), New Windsor Volunteer Ambulance Corps Inc ($3.5m) and Immunize Nevada ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 50% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $7.9m against liabilities of $255k, net assets of $7.6m. It reported 32 employees.