Friends of Magnolia Mound Museum Inc

Analysis

Friends of Magnolia Mound Museum Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Friends of Magnolia Mound Museum Inc reported income of $70k and spending of $58k, spending 83% of its income. Across the 5 years on record, from September 2017 to September 2023, income fell from $76k to $70k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Magnolia Mound Museum Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Oklahoma Steam Threashing and Gas Engine Association Inc ($70k), Rochester Section Incorporated of the American Chemical Society ($70k) and Old Pueblo Archaeology Center ($70k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $3,401, net assets of $1.3m. It reported 1 employees.