DEMOGRAPHIC
ADDRESS
86 MAIN STREET 303
10701
COUNTY
westchester county, NY
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNIFICAT FOUNDATION INC is a based in YONKERS, NY . Established in March 1946, it operates as an subordinate association and contributions are not tax-deductible .
With total assets of $246,604.00, this ranks 381,446 among 2,656,690 nonprofits nationally (Top 15%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 30,676 out of 159,053 organizations in NY (Top 20%).
In westchester county, NY, the organization ranks 1,859 out of 8,632 nonprofits by assets (Top 22%), while locally in yonkers, it stands at 109 among 847 organizations (Top 13%).
The organization reported annual revenue of $20,341.00, ranking 562,701 nationally (Top 22%) and 39,570 in NY (Top 25%).
Within its specific NTEE classification ( - N/A), which includes 781,348 similar organizations, MAGNIFICAT FOUNDATION INC ranks 119,785 in assets (Top 16%) and 155,905 in revenue (Top 20%).
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
5: Association
DEDUCTIBILITY CODE
N/A
AFFILIATION CODE
9: Subordinate
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N/A
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
2: $10,000 to $24,999
INCOME AMOUNT
$20,341.00
FORM 990 REVENUE AMOUNT
$20,341.00
RULING DATE
03/1946
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$246,604.00
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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