Columbia University Magonigle Fund
Columbia University Magonigle Fund shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 136078275 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $685K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.6M |
| Transparency Score | 92/100 |
Is Columbia University Magonigle Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Columbia University Magonigle Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Columbia University Magonigle Fund
Columbia University Magonigle Fund (EIN: 136078275) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $3.1M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Columbia University Magonigle Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Columbia University Magonigle Fund is a mid-size nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $685K |
| Surplus / Deficit | +$562K |
| Total Assets | $10.6M |
| Total Liabilities | $1 |
| Net Assets | $10.6M |
| Operating Margin | 45.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 186.4 months |
Financial Health Grade: A
In 2023, Columbia University Magonigle Fund reported a surplus of $562K with revenue exceeding expenses, holds 186.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Columbia University Magonigle Fund's revenue has grown at a compound annual growth rate (CAGR) of 23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.7% | -8.8% | +5.5% |
| 2022 | -71.1% | +20.8% | -2.1% |
| 2021 | +420.4% | +11.5% | +13.5% |
| 2020 | -44.0% | +14.0% | -2.2% |
| 2019 | +61.3% | +1.4% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Columbia University Magonigle Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Columbia University Magonigle Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $562K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has been consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets over $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Columbia University Magonigle Fund's IRS 990 filings:
- Significant year-to-year revenue volatility, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Columbia University Magonigle Fund:
- Consistent asset growth, reaching $10,642,718 in 2023.
- Zero reported officer compensation across all filings, indicating strong financial stewardship.
- Very low liabilities ($1 in recent years), suggesting minimal debt and strong financial management.
- Expenses consistently managed below revenue in most recent periods, contributing to asset accumulation.
- Consistent filing of IRS Form 990s for over a decade, demonstrating transparency.
Frequently Asked Questions about Columbia University Magonigle Fund
Is Columbia University Magonigle Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Columbia University Magonigle Fund (EIN: 136078275) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Columbia University Magonigle Fund spend its money?
Columbia University Magonigle Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Columbia University Magonigle Fund tax-deductible?
Columbia University Magonigle Fund is registered as a tax-exempt nonprofit (EIN: 136078275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Columbia University Magonigle Fund CEO make?
Columbia University Magonigle Fund's highest-compensated officer earns $10 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Columbia University Magonigle Fund's spending goes to programs?
Columbia University Magonigle Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Columbia University Magonigle Fund located?
Columbia University Magonigle Fund is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136078275.
How many years of IRS 990 filings does Columbia University Magonigle Fund have?
Columbia University Magonigle Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
Is Columbia University Magonigle Fund a good charity?
Based on the available IRS 990 data, the Columbia University Magonigle Fund appears to be a good charity. It demonstrates strong financial health with growing assets ($10,642,718 in 2023), efficient expense management (e.g., $1,247,164 revenue vs. $685,299 expenses in 2023), and a notable commitment to transparency by reporting zero officer compensation for over a decade.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time, with assets growing from $6,516,945 in 2011 to $10,642,718 in 2023. While revenue has been volatile, expenses have generally been well-controlled, leading to consistent asset accumulation and a strong balance sheet with minimal liabilities.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This suggests a strong commitment to directing funds towards its mission rather than executive salaries.
Filing History
IRS 990 filing history for Columbia University Magonigle Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Columbia University Magonigle Fund's revenue has grown by 1117.8%, moving from $102K to $1.2M. Total assets increased by 63.3% over the same period, from $6.5M to $10.6M. Total functional expenses rose by 58.2%, from $433K to $685K. In its most recent filing year (2023), Columbia University Magonigle Fund reported a surplus of $562K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $685K | $10.6M | $1 | — | View 990 |
| 2022 | $534K | $752K | $10.1M | $1 | — | View 990 |
| 2021 | $1.8M | $622K | $10.3M | $1 | — | — |
| 2020 | $355K | $558K | $9.1M | $1 | — | — |
| 2019 | $634K | $489K | $9.3M | $0 | — | View 990 |
| 2015 | $393K | $482K | $8.4M | $0 | — | View 990 |
| 2014 | $2.2M | $463K | $8.5M | $0 | — | View 990 |
| 2013 | $682K | $448K | $6.8M | $0 | — | View 990 |
| 2012 | $463K | $440K | $6.5M | $0 | — | View 990 |
| 2011 | $102K | $433K | $6.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $685K, and assets of $10.6M (revenue +133.7% year-over-year).
- 2022: Revenue of $534K, expenses of $752K, and assets of $10.1M (revenue -71.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $622K, and assets of $10.3M (revenue +420.4% year-over-year).
- 2020: Revenue of $355K, expenses of $558K, and assets of $9.1M (revenue -44.0% year-over-year).
- 2019: Revenue of $634K, expenses of $489K, and assets of $9.3M (revenue +61.3% year-over-year).
- 2015: Revenue of $393K, expenses of $482K, and assets of $8.4M (revenue -82.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $463K, and assets of $8.5M (revenue +222.8% year-over-year).
- 2013: Revenue of $682K, expenses of $448K, and assets of $6.8M (revenue +47.1% year-over-year).
- 2012: Revenue of $463K, expenses of $440K, and assets of $6.5M (revenue +352.5% year-over-year).
- 2011: Revenue of $102K, expenses of $433K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Columbia University Magonigle Fund:
Data Sources and Methodology
This transparency report for Columbia University Magonigle Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.