Magnolia Regional Health Center Foundation Inc

Analysis

Magnolia Regional Health Center Foundation Inc is a registered charity in United States, based in Corinth, MS. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Magnolia Regional Health Center Foundation Inc reported income of $321k and spending of $270k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $326k to $321k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to September 2020, when income rose by 766%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magnolia Regional Health Center Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($321k), Lake Brantley Rowing Association Inc ($321k) and Daves Avenue Home and School Club ($321k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $8.3m against liabilities of $0, net assets of $8.3m.