The Magnolia School Inc
EIN: 592841227 · Tallahassee, FL · NTEE: B20Z
| Metric | Value |
|---|---|
| Total Revenue | $637K |
| Total Expenses | $546K |
| Net Assets | $403K |
Is The Magnolia School Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Magnolia School Inc
The Magnolia School Inc (EIN: 592841227) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code B20Z. The organization reported total revenue of $637K and total assets of $699K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Magnolia School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Magnolia School Inc is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $554K |
| Total Expenses | $546K |
| Surplus / Deficit | +$8K |
| Total Assets | $633K |
| Total Liabilities | $230K |
| Net Assets | $403K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 36.3% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2024, The Magnolia School Inc reported a surplus of $8K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 36.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Magnolia School Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.5% | +15.8% | +49.4% |
| 2023 | +13.1% | +12.5% | +56.3% |
| 2022 | +19.7% | -2.7% | +11.4% |
| 2021 | -9.5% | +14.3% | -20.1% |
| 2020 | +5.5% | -1.7% | +19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Magnolia School Inc 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 The Magnolia School Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.3%.
Frequently Asked Questions about The Magnolia School Inc
Is The Magnolia School Inc a legitimate charity?
The Magnolia School Inc (EIN: 592841227) is a registered tax-exempt nonprofit based in Florida. It has 14 years of IRS 990 filings on record. Total revenue: $637K. No red flags identified. Financial health grade: A.
How does The Magnolia School Inc spend its money?
The Magnolia School Inc reported $637K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Magnolia School Inc tax-deductible?
The Magnolia School Inc is registered as a tax-exempt nonprofit (EIN: 592841227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Magnolia School Inc located?
The Magnolia School Inc is headquartered in Tallahassee, Florida and files with the IRS under EIN 592841227. It is classified under NTEE code B20Z.
How many years of IRS 990 filings does The Magnolia School Inc have?
The Magnolia School Inc has 14 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 $637K in total revenue.
Filing History
IRS 990 filing history for The Magnolia School Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Magnolia School Inc's revenue has grown by 45.8%, moving from $380K to $554K. Total assets increased by 151.4% over the same period, from $252K to $633K. Total functional expenses rose by 53.8%, from $355K to $546K. In its most recent filing year (2024), The Magnolia School Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $230K in liabilities against $633K in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $554K | $546K | $633K | $230K | — | — |
| 2023 | $526K | $472K | $424K | $29K | — | View 990 |
| 2022 | $465K | $419K | $271K | $35K | — | View 990 |
| 2021 | $388K | $431K | $243K | $53K | — | — |
| 2020 | $429K | $377K | $305K | $71K | — | View 990 |
| 2019 | $407K | $383K | $254K | $73K | — | View 990 |
| 2018 | $382K | $400K | $243K | $85K | — | View 990 |
| 2017 | $366K | $407K | $264K | $89K | — | View 990 |
| 2016 | $327K | $348K | $302K | $85K | — | View 990 |
| 2015 | $403K | $389K | $331K | $94K | — | View 990 |
| 2014 | $416K | $364K | $328K | $105K | — | View 990 |
| 2013 | $404K | $365K | $293K | $122K | — | View 990 |
| 2012 | $412K | $395K | $263K | $130K | — | View 990 |
| 2011 | $380K | $355K | $252K | $137K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $554K, expenses of $546K, and assets of $633K (revenue +5.5% year-over-year).
- 2023: Revenue of $526K, expenses of $472K, and assets of $424K (revenue +13.1% year-over-year).
- 2022: Revenue of $465K, expenses of $419K, and assets of $271K (revenue +19.7% year-over-year).
- 2021: Revenue of $388K, expenses of $431K, and assets of $243K (revenue -9.5% year-over-year).
- 2020: Revenue of $429K, expenses of $377K, and assets of $305K (revenue +5.5% year-over-year).
- 2019: Revenue of $407K, expenses of $383K, and assets of $254K (revenue +6.6% year-over-year).
- 2018: Revenue of $382K, expenses of $400K, and assets of $243K (revenue +4.3% year-over-year).
- 2017: Revenue of $366K, expenses of $407K, and assets of $264K (revenue +11.8% year-over-year).
- 2016: Revenue of $327K, expenses of $348K, and assets of $302K (revenue -18.7% year-over-year).
- 2015: Revenue of $403K, expenses of $389K, and assets of $331K (revenue -3.1% year-over-year).
- 2014: Revenue of $416K, expenses of $364K, and assets of $328K (revenue +3.0% year-over-year).
- 2013: Revenue of $404K, expenses of $365K, and assets of $293K (revenue -2.1% year-over-year).
- 2012: Revenue of $412K, expenses of $395K, and assets of $263K (revenue +8.4% year-over-year).
- 2011: Revenue of $380K, expenses of $355K, and assets of $252K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Magnolia School Inc:
Data Sources and Methodology
This transparency report for The Magnolia 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.