International Magnesium Association
International Magnesium Association shows consistent asset growth and no reported officer compensation.
EIN: 131510700 · Minneapolis, MN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $655K |
| Total Expenses | $472K |
| Program Spending | 80% |
| Net Assets | $455K |
| Transparency Score | 85/100 |
Is International Magnesium Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Magnesium Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Magnesium Association
International Magnesium Association (EIN: 131510700) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $655K and total assets of $819K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Magnesium Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Magnesium Association is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $622K |
| Total Expenses | $472K |
| Surplus / Deficit | +$150K |
| Total Assets | $632K |
| Total Liabilities | $178K |
| Net Assets | $455K |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 28.1% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, International Magnesium Association reported a surplus of $150K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 28.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Magnesium Association's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.3% | -10.1% | +43.5% |
| 2022 | +106.7% | +129.5% | +4.6% |
| 2021 | -15.2% | -24.2% | +15.1% |
| 2020 | -41.3% | -43.8% | -13.1% |
| 2019 | -8.3% | -5.0% | -21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1945 |
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 International Magnesium Association with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, International Magnesium Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $150K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.1%.
Executive Compensation Analysis
The International Magnesium Association consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly commendable for a nonprofit and allows more funds to be allocated to its mission.
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 International Magnesium Association's IRS 990 filings:
- Periods of deficit spending (e.g., 2022 expenses of $525,503 exceeded revenue of $504,366)
Strengths
The following positive indicators were identified for International Magnesium Association:
- Consistent growth in assets, reaching $632,477 in 2023
- No reported officer compensation across all filings, indicating volunteer leadership
- Positive net income in recent years (e.g., $149,559 surplus in 2023)
- Healthy asset-to-liability ratio (3.56:1 in 2023)
Frequently Asked Questions about International Magnesium Association
Is International Magnesium Association a legitimate charity?
Based on AI analysis of IRS 990 filings, International Magnesium Association (EIN: 131510700) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does International Magnesium Association spend its money?
International Magnesium Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Magnesium Association tax-deductible?
International Magnesium Association is registered as a tax-exempt nonprofit (EIN: 131510700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Magnesium Association's spending goes to programs?
International Magnesium Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is International Magnesium Association located?
International Magnesium Association is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 131510700.
How many years of IRS 990 filings does International Magnesium Association have?
International Magnesium Association has 13 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 $655K in total revenue.
Is the International Magnesium Association financially stable?
Yes, the IMA appears financially stable. In 2023, it reported revenues of $621,899 against expenses of $472,340, resulting in a surplus. Its assets have also grown consistently, reaching $632,477 in 2023.
Does the International Magnesium Association pay its executives?
No, the International Magnesium Association consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its officers are not compensated.
How has the organization's revenue trended recently?
The organization's revenue has shown growth, increasing from $243,975 in 2021 to $621,899 in 2023, with a slight dip in 2022.
What is the organization's asset-to-liability ratio?
In 2023, the IMA had assets of $632,477 and liabilities of $177,608, resulting in a healthy asset-to-liability ratio of approximately 3.56:1.
Filing History
IRS 990 filing history for International Magnesium Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Magnesium Association's revenue has grown by 1.5%, moving from $613K to $622K. Total assets increased by 110.2% over the same period, from $301K to $632K. Total functional expenses fell by 18%, from $576K to $472K. In its most recent filing year (2023), International Magnesium Association reported a surplus of $150K, with revenue exceeding expenses. The organization holds $178K in liabilities against $632K in assets (debt-to-asset ratio: 28.1%), resulting in net assets of $455K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $622K | $472K | $632K | $178K | — | — |
| 2022 | $504K | $526K | $441K | $148K | — | View 990 |
| 2021 | $244K | $229K | $421K | $87K | — | View 990 |
| 2020 | $288K | $302K | $366K | $51K | — | — |
| 2019 | $490K | $537K | $421K | $98K | — | View 990 |
| 2018 | $535K | $566K | $534K | $163K | — | View 990 |
| 2017 | $618K | $574K | $499K | $98K | — | View 990 |
| 2016 | $518K | $559K | $475K | $118K | — | View 990 |
| 2015 | $528K | $459K | $511K | $114K | — | View 990 |
| 2014 | $610K | $599K | $439K | $110K | — | View 990 |
| 2013 | $439K | $342K | $413K | $96K | — | View 990 |
| 2012 | $537K | $551K | $343K | $123K | — | View 990 |
| 2011 | $613K | $576K | $301K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $622K, expenses of $472K, and assets of $632K (revenue +23.3% year-over-year).
- 2022: Revenue of $504K, expenses of $526K, and assets of $441K (revenue +106.7% year-over-year).
- 2021: Revenue of $244K, expenses of $229K, and assets of $421K (revenue -15.2% year-over-year).
- 2020: Revenue of $288K, expenses of $302K, and assets of $366K (revenue -41.3% year-over-year).
- 2019: Revenue of $490K, expenses of $537K, and assets of $421K (revenue -8.3% year-over-year).
- 2018: Revenue of $535K, expenses of $566K, and assets of $534K (revenue -13.5% year-over-year).
- 2017: Revenue of $618K, expenses of $574K, and assets of $499K (revenue +19.3% year-over-year).
- 2016: Revenue of $518K, expenses of $559K, and assets of $475K (revenue -1.8% year-over-year).
- 2015: Revenue of $528K, expenses of $459K, and assets of $511K (revenue -13.5% year-over-year).
- 2014: Revenue of $610K, expenses of $599K, and assets of $439K (revenue +38.9% year-over-year).
- 2013: Revenue of $439K, expenses of $342K, and assets of $413K (revenue -18.2% year-over-year).
- 2012: Revenue of $537K, expenses of $551K, and assets of $343K (revenue -12.3% year-over-year).
- 2011: Revenue of $613K, expenses of $576K, and assets of $301K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Magnesium Association:
Data Sources and Methodology
This transparency report for International Magnesium Association 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.