Magellan Foundation

Analysis

Magellan Foundation is a registered charity in United States, based in Walnut Creek, CA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magellan Foundation reported income of $81k and spending of $67k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $81k (-6.6%), an average of -6.6% a year. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magellan Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Joshuas Great Things Foundation ($81k), Boyne Area Free Clinic ($81k) and Spina Bifida Wisconsin Ltd ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.