Magdalen College
Magdalen College shows fluctuating financial performance with recent positive net income but a significant drop in reported assets.
EIN: 20309681 · Wilmot, NH · NTEE: B42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| Net Assets | $62K |
| Transparency Score | 70/100 |
Is Magdalen College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Magdalen College directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Magdalen College
Magdalen College (EIN: 20309681) is a nonprofit organization based in Wilmot, NH, classified under NTEE code B42. The organization reported total revenue of $51K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magdalen College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magdalen College is a micro nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$178K |
| Total Assets | $91K |
| Total Liabilities | $29K |
| Net Assets | $62K |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 31.8% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2024, Magdalen College reported a surplus of $178K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 31.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Magdalen College's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +35.0% | +0.1% | -97.5% |
| 2023 | -36.4% | -11.0% | -20.1% |
| 2022 | +20.7% | +9.7% | +5.8% |
| 2021 | -4.2% | -21.0% | -8.2% |
| 2020 | -5.2% | +25.4% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Magdalen College with a Mission Score of 70 out of 100 (Good). 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, Magdalen College 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $178K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with annual revenues in the millions.
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 Magdalen College's IRS 990 filings:
- Significant and unexplained drop in assets from $3,658,951 to $91,100 between 202306 and 202406.
- History of operating deficits in multiple years (e.g., 202306, 202106, 202006, 201606, 201506).
- Consistent 0% officer compensation, which is unusual for an organization with multi-million dollar revenues and expenses, potentially indicating non-transparent compensation structures or reliance on external support.
Strengths
The following positive indicators were identified for Magdalen College:
- Positive net income in the most recent filing (202406), with revenue exceeding expenses by $177,848.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing direct executive salary costs.
- Long filing history (14 filings) indicates sustained operation and compliance with IRS reporting requirements.
Frequently Asked Questions about Magdalen College
Is Magdalen College a legitimate charity?
Based on AI analysis of IRS 990 filings, Magdalen College (EIN: 20309681) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Magdalen College spend its money?
Magdalen College directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Magdalen College tax-deductible?
Magdalen College is registered as a tax-exempt nonprofit (EIN: 20309681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Magdalen College's spending goes to programs?
Magdalen College directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Magdalen College compare to similar nonprofits?
With a transparency score of 70/100 (Good), Magdalen College is above average for NTEE category B42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Magdalen College located?
Magdalen College is headquartered in Wilmot, New Hampshire and files with the IRS under EIN 20309681. It is classified under NTEE code B42.
How many years of IRS 990 filings does Magdalen College have?
Magdalen College has 14 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 $51K in total revenue.
Why did Magdalen College's assets drop from $3,658,951 in 202306 to $91,100 in 202406?
The significant decrease in reported assets between the 202306 and 202406 filings requires further clarification from the organization to understand if this was due to asset sales, reclassification, or other financial events.
How does Magdalen College manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, which is uncommon for an organization of this scale.
What is the long-term strategy for financial stability given the fluctuating revenue and expenses?
The organization has experienced several years of operating deficits. A clear strategy for consistent revenue generation and expense management would be beneficial for long-term financial health.
Filing History
IRS 990 filing history for Magdalen College showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Magdalen College's revenue has grown by 279.7%, moving from $950K to $3.6M. Total assets decreased by 98.2% over the same period, from $5.2M to $91K. Total functional expenses rose by 44.7%, from $2.4M to $3.4M. In its most recent filing year (2024), Magdalen College reported a surplus of $178K, with revenue exceeding expenses. The organization holds $29K in liabilities against $91K in assets (debt-to-asset ratio: 31.8%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.6M | $3.4M | $91K | $29K | — | View 990 |
| 2023 | $2.7M | $3.4M | $3.7M | $3.8M | — | View 990 |
| 2022 | $4.2M | $3.8M | $4.6M | $3.9M | — | View 990 |
| 2021 | $3.5M | $3.5M | $4.3M | $4.0M | — | View 990 |
| 2020 | $3.6M | $4.4M | $4.7M | $4.3M | — | View 990 |
| 2019 | $3.8M | $3.5M | $5.4M | $4.2M | — | View 990 |
| 2018 | $3.9M | $3.3M | $5.3M | $4.4M | — | View 990 |
| 2017 | $4.2M | $3.7M | $4.8M | $4.5M | — | View 990 |
| 2016 | $3.3M | $3.4M | $4.2M | $4.4M | — | View 990 |
| 2015 | $2.6M | $2.8M | $4.5M | $4.6M | — | View 990 |
| 2014 | $1.6M | $2.4M | $4.6M | $4.4M | — | View 990 |
| 2013 | $1.5M | $2.7M | $4.9M | $3.9M | — | View 990 |
| 2012 | $1.5M | $2.6M | $4.8M | $2.6M | — | View 990 |
| 2011 | $950K | $2.4M | $5.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.6M, expenses of $3.4M, and assets of $91K (revenue +35.0% year-over-year).
- 2023: Revenue of $2.7M, expenses of $3.4M, and assets of $3.7M (revenue -36.4% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.8M, and assets of $4.6M (revenue +20.7% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.5M, and assets of $4.3M (revenue -4.2% year-over-year).
- 2020: Revenue of $3.6M, expenses of $4.4M, and assets of $4.7M (revenue -5.2% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.5M, and assets of $5.4M (revenue -2.9% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.3M, and assets of $5.3M (revenue -7.1% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.7M, and assets of $4.8M (revenue +29.7% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.4M, and assets of $4.2M (revenue +28.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.8M, and assets of $4.5M (revenue +55.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.4M, and assets of $4.6M (revenue +6.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.7M, and assets of $4.9M (revenue +5.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $2.6M, and assets of $4.8M (revenue +54.4% year-over-year).
- 2011: Revenue of $950K, expenses of $2.4M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magdalen College:
Data Sources and Methodology
This transparency report for Magdalen College 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.