Magenta Ministries

Analysis

Magenta Ministries is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Magenta Ministries reported income of $72k and spending of $74k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2024, income grew from $72k to $72k (+1.1%), an average of +1.1% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magenta Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Indiana Branch of the International Dyslexia Association Founded in ($72k), United States Marine Corps Historical Company ($72k) and Paron Volunteer Fire Association Incorporated ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,065 against liabilities of $0, net assets of $1,065.