Magdalene House Of Charleston

Magdalene House Of Charleston operates with no officer compensation, showing consistent program focus despite recent operating deficit.

EIN: 141973671 · Ladson, SC · NTEE: P80 · Updated: 2026-03-28

$125KRevenue

$188KAssets

88/100Mission Score (Excellent)

P80

About Magdalene House Of Charleston

Magdalene House Of Charleston (EIN: 141973671) is a nonprofit organization based in Ladson, SC, classified under NTEE code P80. The organization reported total revenue of $125K and total assets of $188K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magdalene House Of Charleston's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Magdalene House Of Charleston demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization reported expenses of $134,354 against revenues of $116,160, indicating a deficit for the year. However, over the past five years, the organization has generally managed its finances well, with revenues often exceeding expenses, such as in 202212 where revenue was $148,502 and expenses were $102,832. The organization's assets have shown growth over time, reaching $203,595 in 202312, which provides a reasonable financial cushion relative to its operational scale.

The organization's transparency is strong, particularly regarding executive compensation, which has consistently been reported as 0%. This indicates a volunteer-led or very lean administrative structure at the top. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the overall financial picture suggests a focus on direct services given the absence of officer compensation. The consistent filing of IRS Form 990s over 12 periods also points to good governance and adherence to reporting requirements.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Magdalene House Of Charleston 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, Magdalene House Of Charleston 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led leadership or a structure where top executives are not compensated, which is highly commendable for a nonprofit of this 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 Magdalene House Of Charleston's IRS 990 filings:

Operating deficit in the most recent fiscal year (202312), with expenses exceeding revenue by $18,194.

Strengths

The following positive indicators were identified for Magdalene House Of Charleston:

Consistent 0% officer compensation, indicating strong commitment to mission and efficient use of funds.
Positive net assets ($83,106 in 202312), providing a financial cushion.
Long history of IRS 990 filings (12 filings), demonstrating transparency and compliance.
Growth in assets over time, from $2,054 in 201312 to $203,595 in 202312.

Frequently Asked Questions about Magdalene House Of Charleston

Is Magdalene House Of Charleston financially stable?

While the organization experienced an operating deficit in 202312 ($116,160 revenue vs. $134,354 expenses), its assets of $203,595 provide a buffer. Historically, it has shown periods of surplus, suggesting a generally stable, albeit sometimes tight, financial position.

How does Magdalene House Of Charleston manage its administrative costs?

The consistent reporting of 0% officer compensation strongly suggests very low administrative overhead at the executive level, indicating efficient use of funds for its mission.

What is the trend in Magdalene House Of Charleston's revenue?

Revenue has fluctuated, with a high of $148,502 in 202212 and a low of $29,997 in 201512. The latest revenue of $116,160 in 202312 is consistent with its recent operating scale.

Are there any concerns about the organization's liabilities?

Liabilities have been present, reaching $120,489 in 202312. While this is significant relative to assets, the organization has consistently managed these, and the net assets (assets minus liabilities) remain positive, at $83,106 in 202312.

Filing History

IRS 990 filing history for Magdalene House Of Charleston showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Magdalene House Of Charleston's revenue has grown by 388.7%, moving from $24K to $116K. Total assets increased by 14706.9% over the same period, from $1K to $204K. Total functional expenses rose by 506.6%, from $22K to $134K. In its most recent filing year (2023), Magdalene House Of Charleston reported a deficit of $18K, with expenses exceeding revenue. The organization holds $120K in liabilities against $204K in assets (debt-to-asset ratio: 59.2%), resulting in net assets of $83K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$116K	$134K	$204K	$120K	—	—
2022	$149K	$103K	$230K	$129K	—	View 990
2021	$135K	$90K	$196K	$140K	—	View 990
2020	$63K	$73K	$162K	$151K	—	—
2019	$113K	$99K	$180K	$159K	—	View 990
2018	$78K	$90K	$173K	$166K	—	View 990
2017	$54K	$40K	$180K	$170K	—	View 990
2016	$50K	$24K	$218K	$163K	—	View 990
2015	$30K	$14K	$17K	$0	—	View 990
2013	$47K	$54K	$2K	$0	—	View 990
2012	$46K	$38K	$9K	$0	—	View 990
2011	$24K	$22K	$1K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $116K, expenses of $134K, and assets of $204K (revenue -21.8% year-over-year).
2022: Revenue of $149K, expenses of $103K, and assets of $230K (revenue +10.3% year-over-year).
2021: Revenue of $135K, expenses of $90K, and assets of $196K (revenue +115.4% year-over-year).
2020: Revenue of $63K, expenses of $73K, and assets of $162K (revenue -44.8% year-over-year).
2019: Revenue of $113K, expenses of $99K, and assets of $180K (revenue +46.2% year-over-year).
2018: Revenue of $78K, expenses of $90K, and assets of $173K (revenue +42.6% year-over-year).
2017: Revenue of $54K, expenses of $40K, and assets of $180K (revenue +8.6% year-over-year).
2016: Revenue of $50K, expenses of $24K, and assets of $218K (revenue +66.8% year-over-year).
2015: Revenue of $30K, expenses of $14K, and assets of $17K (revenue -36.3% year-over-year).
2013: Revenue of $47K, expenses of $54K, and assets of $2K (revenue +2.7% year-over-year).
2012: Revenue of $46K, expenses of $38K, and assets of $9K (revenue +92.9% year-over-year).
2011: Revenue of $24K, expenses of $22K, and assets of $1K.

Data Sources and Methodology

This transparency report for Magdalene House Of Charleston 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.