Magnolia Hospital Foundation Inc

Analysis

Magnolia Hospital Foundation Inc is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Magnolia Hospital Foundation Inc reported income of $139k and spending of $156k, spending 112% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $140k to $139k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to September 2024, when income rose by 113%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Magnolia Hospital Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AR. Charities of a similar size with the same main cause include Atlantis Educational Foundation Inc ($139k), N J State Troopers Nco Assoc Foundation Inc ($140k) and Bellows Family Foundation ($139k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.