Magellan Partners for Education

Analysis

Magellan Partners for Education 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 Partners for Education reported income of $109k and spending of $127k, spending 116% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $112k to $109k (-2.7%), an average of -2.7% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magellan Partners for Education sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Peace Thru Culture Inc ($109k), Nava Center Inc ($109k) and Diplo US ($109k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 16% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.