Boys & Girls of Magnolia

Analysis

Boys & Girls of Magnolia is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in February 1965, 61 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Boys & Girls of Magnolia reported income of $516k and spending of $531k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $335k to $516k (+54%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 107%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls of Magnolia sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within AR. Charities of a similar size with the same main cause include Still Got Game Foundation Inc ($516k), California Police Activities League ($516k) and Montgomery County 4-H Club Inc ($516k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Other salaries and wages came to $186k. At year end it held assets of $945k against liabilities of $82k, net assets of $862k. It reported 17 employees.