Magnolia Heights School Inc

Magnolia Heights School Inc. shows consistent revenue growth and zero reported officer compensation over the past decade.

EIN: 113648423 · Senatobia, MS · NTEE: B242 · Updated: 2026-03-28

$6.3MRevenue

$16.5MAssets

92/100Mission Score (Excellent)

B242

Is Magnolia Heights School Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Magnolia Heights School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Magnolia Heights School Inc

Magnolia Heights School Inc (EIN: 113648423) is a nonprofit organization based in Senatobia, MS, classified under NTEE code B242. The organization reported total revenue of $6.3M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magnolia Heights School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Magnolia Heights School Inc. demonstrates a consistent pattern of financial growth and prudent management over the past decade. Revenue has steadily increased from $3,763,327 in 2014 to $7,977,205 in 2023, indicating strong operational performance and community support. The organization has also significantly grown its assets from $6,480,893 to $17,141,693 in the same period, suggesting effective asset accumulation and investment. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a commitment to directing resources towards the organization's mission, rather than executive salaries.

The school's spending efficiency appears robust, with expenses consistently lower than revenue, allowing for healthy net income and asset growth. For instance, in 2023, expenses were $6,137,633 against revenues of $7,977,205, resulting in a substantial surplus. This surplus contributes to the organization's financial stability and capacity for future program expansion. The absence of reported officer compensation further reinforces the perception of efficient resource allocation, as a larger portion of funds can be presumed to directly support educational programs and operational needs.

Overall, Magnolia Heights School Inc. exhibits strong financial health, characterized by sustained revenue growth, increasing assets, and a clear commitment to transparency regarding executive compensation. The consistent financial surpluses indicate a well-managed organization capable of sustaining its operations and potentially expanding its impact. The lack of reported officer compensation is a significant positive factor in assessing its transparency and dedication to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Magnolia Heights School Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Magnolia Heights School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Magnolia Heights School Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with revenues reaching nearly $8 million.

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 Magnolia Heights School Inc's IRS 990 filings:

Unusually low or zero reported officer compensation for an organization of this size, which may warrant further investigation into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Magnolia Heights School Inc:

Consistent and strong revenue growth, increasing from $3.76M in 2014 to $7.97M in 2023.
Healthy financial surpluses, with revenues consistently exceeding expenses (e.g., $7.97M revenue vs. $6.13M expenses in 2023).
Significant asset growth, more than doubling from $6.48M in 2014 to $17.14M in 2023.
Zero reported officer compensation, indicating a strong commitment to directing funds towards the mission or a highly volunteer-driven leadership model.
Positive net assets, with assets consistently exceeding liabilities, demonstrating financial stability.

Frequently Asked Questions about Magnolia Heights School Inc

Is Magnolia Heights School Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Magnolia Heights School Inc (EIN: 113648423) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

How does Magnolia Heights School Inc spend its money?

Magnolia Heights School Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Magnolia Heights School Inc tax-deductible?

Magnolia Heights School Inc is registered as a tax-exempt nonprofit (EIN: 113648423). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Magnolia Heights School Inc. manage to operate without paying officer compensation?

The filings consistently show 0% officer compensation, which suggests that leadership roles might be filled by volunteers, or compensation is structured in a way that isn't reported under 'officer compensation' on the 990, such as through a related management entity or as general employee salaries not specifically attributed to officers.

What is the primary source of Magnolia Heights School Inc.'s revenue?

While the NTEE code B242 indicates 'Elementary & Secondary Schools, Private', the specific breakdown of revenue (e.g., tuition, donations, grants) is not detailed in the provided summary. However, the consistent growth suggests a stable and diversified funding base, likely dominated by tuition and related fees.

Is the organization's asset growth sustainable?

Yes, the organization's assets have grown from $6,480,893 in 2014 to $17,141,693 in 2023, outpacing liability growth. This indicates a healthy financial position and sustainable asset accumulation, supported by consistent revenue surpluses.

Filing History

IRS 990 filing history for Magnolia Heights School Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Magnolia Heights School Inc's revenue has grown by 102.8%, moving from $3.9M to $8.0M. Total assets increased by 192% over the same period, from $5.9M to $17.1M. Total functional expenses rose by 70.6%, from $3.6M to $6.1M. In its most recent filing year (2023), Magnolia Heights School Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $17.1M in assets (debt-to-asset ratio: 44.3%), resulting in net assets of $9.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.0M	$6.1M	$17.1M	$7.6M	—	—
2022	$7.3M	$5.6M	$14.4M	$6.7M	—	View 990
2021	$6.7M	$4.8M	$11.4M	$5.4M	—	View 990
2020	$5.3M	$5.0M	$8.5M	$4.4M	—	—
2019	$4.8M	$4.6M	$7.5M	$3.8M	—	View 990
2018	$4.6M	$4.3M	$7.5M	$4.0M	—	View 990
2017	$4.4M	$4.0M	$7.2M	$4.1M	—	View 990
2016	$4.1M	$4.0M	$7.0M	$4.2M	—	View 990
2015	$3.9M	$3.8M	$6.9M	$4.3M	—	View 990
2014	$3.8M	$3.5M	$6.5M	$4.1M	—	View 990
2013	$3.6M	$3.4M	$6.2M	$4.1M	—	View 990
2012	$3.5M	$3.3M	$6.1M	$4.1M	—	View 990
2011	$3.9M	$3.6M	$5.9M	$4.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.0M, expenses of $6.1M, and assets of $17.1M (revenue +8.6% year-over-year).
2022: Revenue of $7.3M, expenses of $5.6M, and assets of $14.4M (revenue +9.6% year-over-year).
2021: Revenue of $6.7M, expenses of $4.8M, and assets of $11.4M (revenue +25.5% year-over-year).
2020: Revenue of $5.3M, expenses of $5.0M, and assets of $8.5M (revenue +10.4% year-over-year).
2019: Revenue of $4.8M, expenses of $4.6M, and assets of $7.5M (revenue +4.8% year-over-year).
2018: Revenue of $4.6M, expenses of $4.3M, and assets of $7.5M (revenue +4.7% year-over-year).
2017: Revenue of $4.4M, expenses of $4.0M, and assets of $7.2M (revenue +7.1% year-over-year).
2016: Revenue of $4.1M, expenses of $4.0M, and assets of $7.0M (revenue +4.4% year-over-year).
2015: Revenue of $3.9M, expenses of $3.8M, and assets of $6.9M (revenue +4.8% year-over-year).
2014: Revenue of $3.8M, expenses of $3.5M, and assets of $6.5M (revenue +4.1% year-over-year).
2013: Revenue of $3.6M, expenses of $3.4M, and assets of $6.2M (revenue +2.2% year-over-year).
2012: Revenue of $3.5M, expenses of $3.3M, and assets of $6.1M (revenue -10.1% year-over-year).
2011: Revenue of $3.9M, expenses of $3.6M, and assets of $5.9M.

Data Sources and Methodology

This transparency report for Magnolia Heights School 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.