Magnolia Speech School for the Deaf

Analysis

Magnolia Speech School for the Deaf is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in April 1958, 68 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Magnolia Speech School for the Deaf reported income of $2.8m and spending of $2.9m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.2m to $2.8m (+31%), an average of +5.6% a year. The sharpest change came in the year to June 2020, when income rose by 184%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magnolia Speech School for the Deaf sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include Texas J Regional Advisory Council 10021998 ($2.8m), Ruthe B Cowl Rehabilitation Center ($2.8m) and Youth Progress Association ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $77k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $15.8m against liabilities of $136k, net assets of $15.7m. It reported 38 employees.