DEMOGRAPHIC
ADDRESS
9420 WILSHIRE BLVD STE 400
90212
COUNTY
los angeles county, CA
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGBIT FOUNDATION is a based in BEVERLY HILLS, CA, focused on Unknown causes . Established in September 1991, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,448,864.00, this ranks 135,640 among 2,656,690 nonprofits nationally (Top 6%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 14,172 out of 275,729 organizations in CA (Top 6%).
In los angeles county, CA, the organization ranks 3,978 out of 71,287 nonprofits by assets (Top 6%), while locally in beverly hills, it stands at 109 among 1,349 organizations (Top 8%).
The organization reported annual revenue of $1,679,698.00, ranking 94,127 nationally (Top 4%) and 10,489 in CA (Top 4%).
Within its specific NTEE classification (Z99Z - Z: Unknown), which includes 3,848 similar organizations, MAGBIT FOUNDATION ranks 520 in assets (Top 14%) and 399 in revenue (Top 11%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Boy Scouts Girl Scouts etc
NTEE COMMON CODE
Z: Unknown
NTEE CODE
N/A
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$2,117,925.00
FORM 990 REVENUE AMOUNT
$1,679,698.00
RULING DATE
09/1991
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$2,448,864.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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