Magnolia Medical Foundation

Analysis

Magnolia Medical Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Medical Foundation reported income of $834k and spending of $819k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $834k (+417%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Magnolia Medical Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within MS. Charities of a similar size with the same main cause include Glades Correctional Development Corporation ($834k), Icna Foundation for Social Justice ($834k) and Ms Center for Police & Sheriffs ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $326k. At year end it held assets of $460k against liabilities of $122k, net assets of $337k. It reported 13 employees.