Magellan Charter School Athletics Boosters Club

Analysis

Magellan Charter School Athletics Boosters Club is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Magellan Charter School Athletics Boosters Club reported income of $52k and spending of $50k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $43k to $52k (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magellan Charter School Athletics Boosters Club sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include T C Williams High School Athletic Booster Club Inc ($51k), Newsome-Bailey Project Inc ($52k) and The Nebraska Cooperative Council Education Foundation ($51k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 71% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.