Magdalena Ministries Inc

Analysis

Magdalena Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Magdalena Ministries Inc reported income of $2.7m and spending of $1.4m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.7m (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magdalena Ministries Inc 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 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Charlotte Area Fund Inc 1326 ($2.7m), On with Life Foundation ($2.7m) and Moving in the Spirit Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $856k. At year end it held assets of $6.4m against liabilities of $329k, net assets of $6.1m. It reported 23 employees.