Magnolia Better Together

Analysis

Magnolia Better Together is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Magnolia Better Together reported income of $200k and spending of $110k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $200k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Magnolia Better Together sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Healthy Neighborhood Enterprises ($200k), Missouri Valley Crisis Center Inc ($200k) and Crescent Collaborative ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.