MAGNET LENDING CORPORATION
LANSING,
Michigan,
48906
EIN: 85-4188860
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
502 E CESAR E CHAVEZ AVE SUITE A
48906
COUNTY
clinton county, MI
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNET LENDING CORPORATION is a based in LANSING, MI, focused on Community Improvement, Capacity Building causes , specifically Urban, Community Economic Development. Established in June 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,903,549.00, this ranks 123,428 among 2,656,690 nonprofits nationally (Top 5%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 3,259 out of 79,991 organizations in MI (Top 5%).
In clinton county, MI, the organization ranks 23 out of 799 nonprofits by assets (Top 3%), while locally in lansing, it stands at 167 among 2,232 organizations (Top 8%).
The organization reported annual revenue of $157,066.00, ranking 323,731 nationally (Top 13%) and 8,895 in MI (Top 12%).
Within its specific NTEE classification (S31 - S: Community Improvement, Capacity Building), which includes 2,490 similar organizations, MAGNET LENDING CORPORATION ranks 172 in assets (Top 7%) and 557 in revenue (Top 23%).
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
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S31: Urban, Community Economic 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
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$157,066.00
FORM 990 REVENUE AMOUNT
$157,066.00
RULING DATE
06/2021
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$2,903,549.00
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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