The Magnolias Chapter National Charity League Inc

Analysis

The Magnolias Chapter National Charity League Inc is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in May 2005, 21 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 May 2024, The Magnolias Chapter National Charity League Inc reported income of $114k and spending of $104k, spending 91% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $197k to $114k (-42%), an average of -42% a year. The sharpest change came in the year to May 2024, when income dropped by 42%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Magnolias Chapter National Charity League Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Florida After School Inc ($114k), Indiana Ultimate Parent Booster Club ($114k) and Friends of Fusion Foundation ($114k).

On its Form 990-EZ for the period ending May 2024, revenue came from program service revenue 61% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.