Magdalene College Foundation
EIN: 461874309 · Worcester, MA · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.5M |
| Net Assets | $74K |
Is Magdalene College Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magdalene College Foundation
Magdalene College Foundation (EIN: 461874309) is a nonprofit organization based in Worcester, MA, classified under NTEE code B11. The organization reported total revenue of $1.9M and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magdalene College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magdalene College Foundation is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 37.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$48K |
| Total Assets | $74K |
| Net Assets | $74K |
| Operating Margin | 3.1% |
| Months of Reserves | 0.6 months |
Financial Health Grade: A
In 2023, Magdalene College Foundation reported a surplus of $48K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2013–2023), Magdalene College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 37.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +2.2% | +188.3% |
| 2022 | +155.5% | +146.2% | +1611.8% |
| 2021 | -49.7% | -56.9% | -88.9% |
| 2020 | +109.8% | +131.1% | -94.2% |
| 2019 | -60.1% | -56.8% | -16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magdalene College Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magdalene College Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
Frequently Asked Questions about Magdalene College Foundation
Is Magdalene College Foundation a legitimate charity?
Magdalene College Foundation (EIN: 461874309) is a registered tax-exempt nonprofit based in Massachusetts. It has 11 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: A.
How does Magdalene College Foundation spend its money?
Magdalene College Foundation reported $1.9M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magdalene College Foundation tax-deductible?
Magdalene College Foundation is registered as a tax-exempt nonprofit (EIN: 461874309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magdalene College Foundation located?
Magdalene College Foundation is headquartered in Worcester, Massachusetts and files with the IRS under EIN 461874309. It is classified under NTEE code B11.
How many years of IRS 990 filings does Magdalene College Foundation have?
Magdalene College Foundation has 11 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Magdalene College Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Magdalene College Foundation's revenue has grown by 2277.6%, moving from $64K to $1.5M. Total assets increased by 14.6% over the same period, from $64K to $74K. Total functional expenses rose by 4945360%, from $30 to $1.5M. In its most recent filing year (2023), Magdalene College Foundation reported a surplus of $48K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $74K | $0 | — | — |
| 2022 | $1.5M | $1.5M | $26K | $0 | — | — |
| 2021 | $578K | $590K | $1K | $0 | — | View 990 |
| 2020 | $1.1M | $1.4M | $14K | $0 | — | — |
| 2019 | $547K | $592K | $235K | $0 | — | View 990 |
| 2018 | $1.4M | $1.4M | $280K | $0 | — | View 990 |
| 2017 | $1.1M | $1.0M | $281K | $0 | — | View 990 |
| 2016 | $274K | $110K | $167K | $0 | — | View 990 |
| 2015 | $262K | $263K | $3K | $0 | — | View 990 |
| 2014 | $2.1M | $2.2M | $4K | $0 | — | View 990 |
| 2013 | $64K | $30 | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $74K (revenue +3.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $26K (revenue +155.5% year-over-year).
- 2021: Revenue of $578K, expenses of $590K, and assets of $1K (revenue -49.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $14K (revenue +109.8% year-over-year).
- 2019: Revenue of $547K, expenses of $592K, and assets of $235K (revenue -60.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $280K (revenue +19.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $281K (revenue +318.5% year-over-year).
- 2016: Revenue of $274K, expenses of $110K, and assets of $167K (revenue +4.4% year-over-year).
- 2015: Revenue of $262K, expenses of $263K, and assets of $3K (revenue -87.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $4K (revenue +3179.2% year-over-year).
- 2013: Revenue of $64K, expenses of $30, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magdalene College Foundation:
Data Sources and Methodology
This transparency report for Magdalene College Foundation 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.