New Magnolia Baptist Church

Analysis

New Magnolia Baptist Church is a registered charity in United States, based in Schriever, LA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Magnolia Baptist Church reported income of $97k and spending of $41k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $97k (+0.3%), an average of +0.3% a year. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Magnolia Baptist Church sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Project 1-1 ($96k), 100 Club of Solano and Yolo Counties ($97k) and Geneseo Groveland Emergency Food Pantry Inc ($96k).

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 $247k against liabilities of $0, net assets of $247k.