Magnolia Society Inc

Analysis

Magnolia Society Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magnolia Society Inc reported income of $208k and spending of $198k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $208k (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magnolia Society Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Navy League of the United States ($208k), Arc San Diego Foundation ($208k) and Emergency Nurses Association ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 67% of the total. At year end it held assets of $347k against liabilities of $0, net assets of $347k.