Magnolia State Hope Fund Inc
Magnolia State Hope Fund Inc reports zero revenue and assets in its latest filing, indicating potential inactivity.
EIN: 203526302 · Bay Springs, MS · NTEE: M20 · Updated: 2026-03-28
Is Magnolia State Hope Fund Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Magnolia State Hope Fund Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Magnolia State Hope Fund Inc
Magnolia State Hope Fund Inc (EIN: 203526302) is a nonprofit organization based in Bay Springs, MS, classified under NTEE code M20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magnolia State Hope Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magnolia State Hope Fund Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Magnolia State Hope Fund Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as $0 across both available filings, indicating that no officers or key employees received salaries from the organization, which is appropriate for an organization of this size and financial activity.
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 State Hope Fund Inc's IRS 990 filings:
- Zero revenue and assets in the latest filing, suggesting inactivity.
- Significant deficit in 2014 ($67,184 revenue vs. $99,930 expenses).
Strengths
The following positive indicators were identified for Magnolia State Hope Fund Inc:
- No officer compensation reported in any available filing, indicating efficient use of limited funds for mission-related activities when active.
Frequently Asked Questions about Magnolia State Hope Fund Inc
Is Magnolia State Hope Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Magnolia State Hope Fund Inc (EIN: 203526302) significant concerns. Mission Score: 40/100. 2 red flags identified, 1 strength noted.
How does Magnolia State Hope Fund Inc spend its money?
Magnolia State Hope Fund Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Magnolia State Hope Fund Inc tax-deductible?
Magnolia State Hope Fund Inc is registered as a tax-exempt nonprofit (EIN: 203526302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Magnolia State Hope Fund Inc currently operational?
Based on the latest filing showing $0 in revenue and assets, it is highly probable that Magnolia State Hope Fund Inc is no longer actively operational or has significantly scaled down its activities.
What was the primary cause of the significant drop in revenue from 2014 to 2015?
The available IRS 990 data does not provide specific details on the cause of the revenue drop from $67,184 in 2014 to $1,155 in 2015. This would require reviewing the full 990 forms for more context.
Filing History
IRS 990 filing history for Magnolia State Hope Fund Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2014–2015), Magnolia State Hope Fund Inc's revenue has declined by 98.3%, moving from $67K to $1K. Total assets increased by 0.8% over the same period, from $12K to $12K. Total functional expenses fell by 98.9%, from $100K to $1K. In its most recent filing year (2015), Magnolia State Hope Fund Inc reported a surplus of $94, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2015 | $1K | $1K | $12K | $0 | — | View 990 |
| 2014 | $67K | $100K | $12K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Magnolia State Hope Fund 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.