Magnolia Housing Corporation of Natchitoches Inc

Analysis

Magnolia Housing Corporation of Natchitoches Inc is a registered charity in United States, based in Natchitoches, LA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Magnolia Housing Corporation of Natchitoches Inc reported income of $124k and spending of $147k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $117k to $124k (+6.0%), an average of +1.2% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Magnolia Housing Corporation of Natchitoches Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within LA. Charities of a similar size with the same main cause include Volga-Canal Housing Inc ($124k), The Bashor Homeless Mens Night Shelter Inc ($124k) and Olive Hill Community Economic Development Corporation ($124k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $917k against liabilities of $1.2m, net assets of -$240k.

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.