Magdalene House Okc Inc

Analysis

Magdalene House Okc Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Magdalene House Okc Inc reported income of $287k and spending of $227k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $287k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Magdalene House Okc Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within OK. Charities of a similar size with the same main cause include Cedar Park Senior Housing Corporation ($287k), Freeman Forest Housing Corporation ($287k) and Tentmakers Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). At year end it held assets of $595k against liabilities of $375k, net assets of $220k. It reported 3 employees.