Nonprofit screen
Screen a listMagbit Foundation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(1)
$4.6Mrevenue
FY2024 · +4458% in 3 yrs1staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin51.4%
Months of reserve18.1mo
Revenue growth (annualized)+24.2%
Middle half of peersMedianMagbit
Where the money goes FY2024 · $2.2M spent
Programs$1.8M79%Management and general$461k21%990 FY2024 · Part IX line 25
Nothing to check in the filings
In its favor1
Growing faster than peers
Revenue up 24% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort24funders
$86ka year, last 3 years
32%from its largest funder
Funder’17’18’19’20’21’22’23The Zarabi Family FoundationOn and off$18k$22k$38k$32k$10kStefan Adelipour for Life FoundationOn and off$25kThe Abner Levy FoundationStopped after FY2019$2k$12k$5k–Yari Family FoundationOn and off$10kThe David and Meredith Kaplan FoundationOn and off$10kLippman Family FoundationNew in FY2023$10kDonor-advised giftsDonors not disclosed$37k$46k$58k$164k9 other fundersUp to $6k a year each$2k$8k$3k$9k$13k
FundedThrough a donor-advised fundStopped