MAGNUS FOUNDATION
POCOPSON,
Pennsylvania,
19366
EIN: 83-3478471
Educational Institutions and Related Activities
MISSION
A higher education scholarship fund this corporation seeks to provide financial resources to board selected students and employees of Magnus Karate, LLC who aim to enhance their lives through higher education.
DEMOGRAPHIC
ADDRESS
PO BOX 214
19366
COUNTY
chester county, PA
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNUS FOUNDATION is a based in POCOPSON, PA, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in September 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $15,255.00, this ranks 671,407 among 2,656,690 nonprofits nationally (Top 26%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 34,524 out of 107,402 organizations in PA (Top 33%).
In chester county, PA, the organization ranks 1,315 out of 4,058 nonprofits by assets (Top 33%), while locally in pocopson, it stands at 2 among 4 organizations (Top 2%).
The organization reported annual revenue of $7,030.00, ranking 598,439 nationally (Top 23%) and 28,059 in PA (Top 27%).
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, MAGNUS FOUNDATION ranks 9,160 in assets (Top 29%) and 6,000 in revenue (Top 19%).
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
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
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
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$7,030.00
FORM 990 REVENUE AMOUNT
$7,030.00
RULING DATE
09/2019
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$15,255.00
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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