Magee Benevolent Association

Analysis

Magee Benevolent Association is a registered charity in United States, based in Magee, MS. It received its IRS tax-exemption ruling in April 1951, 75 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magee Benevolent Association reported income of $17.7m and spending of $18.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.6m to $17.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magee Benevolent Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MS. Charities of a similar size with the same main cause include Meadows at Westfall Inc ($17.6m), Ourcare Inc ($17.7m) and A G Rhodes Home Inc at Wesley Woods ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 91% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $8.9m against liabilities of $1.4m, net assets of $7.5m. It reported 275 employees.