Magnolia Global Academy for Leaders-Mgal

Analysis

Magnolia Global Academy for Leaders-Mgal is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Magnolia Global Academy for Leaders-Mgal reported income of $120k and spending of $105k, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $28k to $120k (+330%), an average of +330% a year. The sharpest change came in the year to June 2023, when income rose by 330%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Global Academy for Leaders-Mgal sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Council on Youth Programs for Rochester Area Students Inc ($119k), Burbank Tournament of Roses Association ($120k) and Fallon Parent Faculty Club ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.