Magellan Quest Worldwide
EIN: 874081229 · Laporte, CO · NTEE: E20
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $110K |
| Net Assets | $203 |
Is Magellan Quest Worldwide Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magellan Quest Worldwide
Magellan Quest Worldwide (EIN: 874081229) is a nonprofit organization based in Laporte, CO, classified under NTEE code E20. The organization reported total revenue of $132K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magellan Quest Worldwide's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magellan Quest Worldwide is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 774.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $110K |
| Surplus / Deficit | $-117 |
| Total Assets | $204 |
| Total Liabilities | $1 |
| Net Assets | $203 |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Magellan Quest Worldwide reported a deficit of $117 with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Magellan Quest Worldwide's revenue has grown at a compound annual growth rate (CAGR) of 774.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +774.3% | +798.1% | -36.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magellan Quest Worldwide 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 Magellan Quest Worldwide 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 deficit of $117, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Magellan Quest Worldwide
Is Magellan Quest Worldwide a legitimate charity?
Based on AI analysis of IRS 990 filings, Magellan Quest Worldwide (EIN: 874081229) insufficient data. 0 red flags identified, 0 strengths noted.
How does Magellan Quest Worldwide spend its money?
Detailed spending breakdown data is not yet available for Magellan Quest Worldwide. Check back for updated IRS 990 analysis.
Are donations to Magellan Quest Worldwide tax-deductible?
Magellan Quest Worldwide is registered as a tax-exempt nonprofit (EIN: 874081229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magellan Quest Worldwide located?
Magellan Quest Worldwide is headquartered in Laporte, Colorado and files with the IRS under EIN 874081229. It is classified under NTEE code E20.
How many years of IRS 990 filings does Magellan Quest Worldwide have?
Magellan Quest Worldwide has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $132K in total revenue.
Filing History
IRS 990 filing history for Magellan Quest Worldwide showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Magellan Quest Worldwide's revenue has grown by 774.3%, moving from $13K to $110K. Total assets decreased by 36.4% over the same period, from $321 to $204. Total functional expenses rose by 798.1%, from $12K to $110K. In its most recent filing year (2023), Magellan Quest Worldwide reported a deficit of $117, with expenses exceeding revenue. The organization holds $1 in liabilities against $204 in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $203.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $110K | $204 | $1 | — | — |
| 2022 | $13K | $12K | $321 | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magellan Quest Worldwide:
Data Sources and Methodology
This transparency report for Magellan Quest Worldwide 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.