The Magdalen House

Analysis

The Magdalen House is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 December 2023, The Magdalen House reported income of $2.3m and spending of $2.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.3m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Magdalen House sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include New York Section American Camping Association Inc ($2.3m), Newstart Housing Corporation ($2.3m) and Fergus County Council on Aging ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $79k, net assets of $4.0m. It reported 31 employees.