MISSION
BENJAMIN STEELE
WWW.TINYTOWNS.IODEMOGRAPHIC
ADDRESS
PO BOX 334
81332
COUNTY
dolores county, CO
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNET CAPITAL INC is a based in RICO, CO, focused on Community Improvement, Capacity Building causes , specifically Rural Development. Established in October 2016, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,370,517 among 2,656,690 nonprofits nationally (Top 52%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 21,697 out of 51,563 organizations in CO (Top 43%).
In dolores county, CO, the organization ranks 15 out of 35 nonprofits by assets (Top 15%), while locally in rico, it stands at 10 among 10 organizations (Top 10%).
The organization reported no revenue in the most recent filing period, placing it at 1,187,601 nationally and 23,936 in CO.
Within its specific NTEE classification (S32 - S: Community Improvement, Capacity Building), which includes 712 similar organizations, MAGNET CAPITAL INC ranks 344 in assets (Top 48%) and 330 in revenue (Top 46%).
Note: This organization's tax-exempt status was temporarily revoked on February 15, 2021 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a August fiscal year. Additional information can be found at WWW.TINYTOWNS.IO.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S32: Rural Development
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, February 15, 2021;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
09/2017
ACCOUNTING PERIOD
09
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
10/2016
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
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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