MAGNOLIA CHARITABLE FOUNDATION
CLINTON,
Mississippi,
39056
EIN: 84-3987392
Philanthropy, Voluntarism and Grantmaking Foundations
MISSION
This organization is dedicated to better the community by donating to local hospitals, local not for profit organizations and other charities to accomplish their goals.
DEMOGRAPHIC
ADDRESS
602 SPRINGRIDGE RD
39056
COUNTY
hinds county, MS
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNOLIA CHARITABLE FOUNDATION is a based in CLINTON, MS, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in April 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,541,583 among 2,656,690 nonprofits nationally (Top 96%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 17,962 out of 21,650 organizations in MS (Top 83%).
In hinds county, MS, the organization ranks 4,449 out of 4,718 nonprofits by assets (Top 95%), while locally in clinton, it stands at 219 among 259 organizations (Top 80%).
The organization reported no revenue in the most recent filing period, placing it at 2,006,827 nationally and 17,479 in MS.
Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, MAGNOLIA CHARITABLE FOUNDATION ranks 25,041 in assets (Top 98%) and 21,623 in revenue (Top 85%).
Note: This organization's tax-exempt status was temporarily revoked on January 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a July 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
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T22: Private Independent Foundations
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
Note: A current revocation appears on the IRS revocation list
Revoked: Sunday, January 15, 2023;
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
N/A
ACCOUNTING PERIOD
08
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
04/2020
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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