Magnus Veterans Foundation

Analysis

Magnus Veterans Foundation is a registered charity in United States, based in Dayton, MN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Magnus Veterans Foundation reported income of $977k and spending of $757k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.0m to $977k (-75%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 85%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magnus Veterans Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Bautista Health Care Inc ($976k), Hebrew Community Services Inc ($977k) and West Florida Area Health Education Center Inc ($976k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $368k. At year end it held assets of $4.3m against liabilities of $245k, net assets of $4.1m. It reported 6 employees.