Magazine Training International Inc
Magazine Training International Inc operates with volunteer leadership and modest financial reserves.
EIN: 205684942 · Colorado Springs, CO · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $123K |
| Program Spending | 85% |
| Net Assets | $38K |
| Transparency Score | 88/100 |
Is Magazine Training International Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Magazine Training International Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Magazine Training International Inc
Magazine Training International Inc (EIN: 205684942) is a nonprofit organization based in Colorado Springs, CO, classified under NTEE code B99. The organization reported total revenue of $115K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magazine Training International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magazine Training International Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $123K |
| Surplus / Deficit | +$8K |
| Total Assets | $40K |
| Total Liabilities | $2K |
| Net Assets | $38K |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Magazine Training International Inc reported a surplus of $8K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Magazine Training International Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.8% | -39.8% | +11.9% |
| 2022 | -2.0% | +21.3% | -46.1% |
| 2021 | +39.7% | +12.3% | +4.0% |
| 2020 | -37.2% | -17.2% | +8.3% |
| 2019 | +39.8% | +15.1% | +97.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Magazine Training International Inc with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Magazine Training International Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Magazine Training International Inc's IRS 990 filings:
- Limited financial reserves relative to annual expenses, potentially impacting long-term stability during unforeseen circumstances (e.g., 2023 assets $39,727 vs. expenses $122,668).
- Occasional deficit spending years (e.g., 2022 expenses $203,702 exceeded revenue $180,349).
Strengths
The following positive indicators were identified for Magazine Training International Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of donor funds.
- Long history of consistent IRS 990 filings, demonstrating strong transparency.
- Expenses generally kept in line with revenue, showing fiscal responsibility.
- Low liabilities across most years (e.g., $1,657 in 2023), indicating good debt management.
Frequently Asked Questions about Magazine Training International Inc
Is Magazine Training International Inc a legitimate charity?
Magazine Training International Inc (EIN: 205684942) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $115K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Magazine Training International Inc spend its money?
Magazine Training International Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Magazine Training International Inc tax-deductible?
Magazine Training International Inc is registered as a tax-exempt nonprofit (EIN: 205684942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Magazine Training International Inc's spending goes to programs?
Magazine Training International Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Magazine Training International Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Magazine Training International Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Magazine Training International Inc located?
Magazine Training International Inc is headquartered in Colorado Springs, Colorado and files with the IRS under EIN 205684942. It is classified under NTEE code B99.
How many years of IRS 990 filings does Magazine Training International Inc have?
Magazine Training International Inc 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 $115K in total revenue.
Is Magazine Training International Inc a good charity?
Based on the available data, Magazine Training International Inc appears to be a good charity, primarily due to its consistent operation, 0% officer compensation, and transparent financial reporting. Its focus on program delivery without executive salaries suggests efficient use of funds.
How does Magazine Training International Inc manage its finances given its small asset base?
Magazine Training International Inc manages its finances by keeping expenses closely aligned with incoming revenue, often operating on a tight margin. Its small asset base, such as $39,727 in 2023 against $122,668 in expenses, indicates it relies heavily on current donations to fund its operations rather than substantial reserves.
What is the trend in Magazine Training International Inc's revenue and expenses?
Magazine Training International Inc's revenue and expenses have fluctuated over the past decade, generally staying within the $115,000 to $209,000 range. While there are years of surpluses (e.g., 2023 revenue $130,286 vs. expenses $122,668), there are also years of deficits (e.g., 2022 revenue $180,349 vs. expenses $203,702), indicating variable financial performance year-to-year.
Filing History
IRS 990 filing history for Magazine Training International Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Magazine Training International Inc's revenue has declined by 4.6%, moving from $137K to $130K. Total assets decreased by 28.6% over the same period, from $56K to $40K. Total functional expenses fell by 11.2%, from $138K to $123K. In its most recent filing year (2023), Magazine Training International Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $2K in liabilities against $40K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $123K | $40K | $2K | — | View 990 |
| 2022 | $180K | $204K | $36K | $5K | — | — |
| 2021 | $184K | $168K | $66K | $12K | — | View 990 |
| 2020 | $132K | $150K | $63K | $26K | — | View 990 |
| 2019 | $210K | $181K | $58K | $3K | — | View 990 |
| 2018 | $150K | $157K | $30K | $3K | — | View 990 |
| 2017 | $153K | $176K | $37K | $3K | — | View 990 |
| 2016 | $117K | $136K | $58K | $1K | — | View 990 |
| 2015 | $148K | $144K | $81K | $6K | — | View 990 |
| 2014 | $157K | $109K | $73K | $1K | — | View 990 |
| 2013 | $114K | $115K | $29K | $5K | — | View 990 |
| 2012 | $118K | $149K | $26K | $3K | — | View 990 |
| 2011 | $137K | $138K | $56K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $123K, and assets of $40K (revenue -27.8% year-over-year).
- 2022: Revenue of $180K, expenses of $204K, and assets of $36K (revenue -2.0% year-over-year).
- 2021: Revenue of $184K, expenses of $168K, and assets of $66K (revenue +39.7% year-over-year).
- 2020: Revenue of $132K, expenses of $150K, and assets of $63K (revenue -37.2% year-over-year).
- 2019: Revenue of $210K, expenses of $181K, and assets of $58K (revenue +39.8% year-over-year).
- 2018: Revenue of $150K, expenses of $157K, and assets of $30K (revenue -1.8% year-over-year).
- 2017: Revenue of $153K, expenses of $176K, and assets of $37K (revenue +30.4% year-over-year).
- 2016: Revenue of $117K, expenses of $136K, and assets of $58K (revenue -20.7% year-over-year).
- 2015: Revenue of $148K, expenses of $144K, and assets of $81K (revenue -6.1% year-over-year).
- 2014: Revenue of $157K, expenses of $109K, and assets of $73K (revenue +37.5% year-over-year).
- 2013: Revenue of $114K, expenses of $115K, and assets of $29K (revenue -3.3% year-over-year).
- 2012: Revenue of $118K, expenses of $149K, and assets of $26K (revenue -13.4% year-over-year).
- 2011: Revenue of $137K, expenses of $138K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magazine Training International Inc:
Data Sources and Methodology
This transparency report for Magazine Training International Inc 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.