Nonprofit screen
Screen a listMagnum Cultural 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
- No record
- Charity type
- 509(a)(1)
$1.3Mrevenue
FY2024 · −38% in 3 yrs12staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−44.4%
Months of reserve15.9mo
Revenue growth (annualized)+0.3%
Middle half of peersMedianMagnum Cultural
Where the money goes FY2024 · $1.9M spent
Programs$1.3M69%Management and general$292k15%Fundraising$297k16%990 FY2024 · Part IX line 25
Worth checking2
Its largest funder stopped after FY2022
Foundation to Promote Open Society gave about $848k a year for three years, 69% of revenue in FY2022.
Funders’ 990-PF grant listsDeficits in 2 of the last 3 years
−$587k in FY2023 and −$585k in FY2024. Cash covers 15.9 months, above the peer median of 3.8.
990 Part I and balance sheetIn its favor2
Strong governance
15 of 15 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 4 of its 5 returns, 12% of revenue in FY2024. $94k is traced federal awards from National Endowment for the Arts.
990 Part VIII · USAspending63funders
$1.6Ma year, last 3 years
48%from its largest funder
Funder’17’18’19’20’21’22’23Foundation to Promote Open SocietyStopped after FY2022$169k$500k$1.9M–Foundation for a Just SocietySince FY2020$225k$225k$225k$250kThe Henry Luce Foundation IncOn and off$200k$200k$100kSelect Equity Group FoundationEvery year since FY2017$15k$18k$18k$38k$73k$20k$20kBooth Ferris Foundation Xxxxx4008On and off$200kSunrise Charitable Foundation TrustSince FY2018$20k$25k$50k$25k$20k$15kDonor-advised giftsDonors not disclosed$6k$196k$234k$185k$103k$206k$186k35 other fundersUp to $120k a year each$39k$100k$77k$174k$185k$272k$201k
FundedThrough a donor-advised fundStopped