MAGNETIC GATHERINGS INC
ENCINITAS,
California,
92024
EIN: 81-2383190
Community Improvement, Capacity Building
MISSION
JOHN BUTTERS
DEMOGRAPHIC
ADDRESS
932 AVENIDA DE SAN CLEMENTE
92024
COUNTY
san diego county, CA
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNETIC GATHERINGS INC is a based in ENCINITAS, CA, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in July 2016, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,542.00, this ranks 743,580 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 81,663 out of 275,729 organizations in CA (Top 30%).
In san diego county, CA, the organization ranks 6,653 out of 22,587 nonprofits by assets (Top 30%), while locally in encinitas, it stands at 219 among 615 organizations (Top 34%).
The organization reported annual revenue of $17,369.00, ranking 569,812 nationally (Top 22%) and 63,724 in CA (Top 24%).
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, MAGNETIC GATHERINGS INC ranks 4,263 in assets (Top 22%) and 3,592 in revenue (Top 19%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2021 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year 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
S20: Community, Neighborhood Development, Improvement (General)
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: Saturday, May 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
12/2017
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$17,369.00
FORM 990 REVENUE AMOUNT
$17,369.00
RULING DATE
07/2016
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$2,542.00
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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