Mandela International Magnet School Education Foundation

Analysis

Mandela International Magnet School Education Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 2022, 4 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 2024, Mandela International Magnet School Education Foundation reported income of $203k and spending of $221k, spending 109% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $159k to $203k (+28%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mandela International Magnet School Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include Khalsa University ($203k), Roy Gomm Parent Faculty Association ($203k) and Parent-Faculty Club of White Oak School ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $1,785, net assets of $46k.