The Magnolia School Inc

Analysis

The Magnolia School Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Magnolia School Inc reported income of $554k and spending of $546k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $407k to $554k (+36%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 20%. 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, The Magnolia School Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Mid-Atlantic Robotics a NJ Non-Profit Corporation ($554k), Yeshiva Ruach Hatorah Inc ($555k) and Construction Education Foundation of Minnesota ($554k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $52k (9.5% of expenses). Other salaries and wages came to $278k. At year end it held assets of $633k against liabilities of $230k, net assets of $403k. It reported 14 employees.