Magnus Research Group

Analysis

Magnus Research Group is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 Research Group reported income of $56k and spending of $60k, spending 107% of what it took in. Across the 3 years on record, from October 2022 to December 2023, income fell from $91k to $56k (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magnus Research Group sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Little Neck Douglaston Memorial Day Parade Association Inc ($56k), Inspired Arts League ($56k) and Vision Broadcasting Network Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.