Magnolia Educational & Research Foundation

Analysis

Magnolia Educational & Research Foundation is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in January 1998, 28 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 Educational & Research Foundation reported income of $32.0m and spending of $76.9m, spending 241% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.0m to $32.0m (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Educational & Research Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Emmanuel College ($31.9m), Judson University a Baptist Institution ($32.0m) and Lighthouse Academies of Northwest Indiana Inc ($31.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 219% of the total. Compensation of current officers, directors and key employees was $636k (0.8% of expenses). Other salaries and wages came to $33.8m. At year end it held assets of $69.1m against liabilities of $68.9m, net assets of $160k.