Magnolia Properties Management Inc
250 E 1st St Ste 1500, Los Angeles, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $604,452 | $7,039,867 | $54,345,976 |
| FY2024 | $1,504,503 | $2,715,704 | $54,630,254 |
| FY2023 | $53,423,196 | $2,398,257 | $53,592,082 |
| FY2022 | $2,307,270 | $2,486,971 | $2,347,376 |
| FY2021 | $2,387,678 | $2,417,478 | $2,325,363 |
| FY2020 | $2,530,294 | $1,909,257 | $2,278,881 |
| FY2019 | $2,966,696 | $1,887,948 | $1,431,590 |
| FY2018 | $947,294 | $1,190,922 | $352,842 |
| FY2017 | $446,911 | $453,263 | $160,802 |
| FY2016 | $447,511 | $647,515 | $167,154 |
| FY2015 | $447,519 | $80,361 | $367,158 |
| FY2013 | $0 | $0 | $0 |
Form 990 filings
The returns filed by Magnolia Properties Management Inc (EIN 45-4683724), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $478,327 | 9% |
| Program service revenue | $4,807,390 | 91% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $6,961,192 | 99% |
| Management & general | $78,675 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2025.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2025. That is higher than 97.6% of 581 Education organizations in CA.
- Net assets covered about 92.6 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 68.1% of 7388 Education organizations in CA.
- Total revenue rose from $0 in FY2013 to $604,452 in FY2025. Revenue increased in 4 and decreased in 7 of 11 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 12 reported years (FY2016, FY2017, FY2018, FY2021, FY2022, FY2024, FY2025).
- The highest revenue on record here is $53,423,196 in FY2023.
- Net assets grew from $0 to $54,345,976 between FY2013 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE EDUCATIONAL FACILITIES FOR THE MAGNOLIA PUBLIC SCHOOLS
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B12 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
Similar organizations
- Ross M Brown Family Foundation — Escondido, CA · $154,640
- Wave Services Inc — Malibu, CA · $110,257
- Loma Linda University Behavioral Medicine Center Inc — Sn Bernrdno, CA · $0
- Legacy Funds of Holy Names University — Oakland, CA · $1,314,693
- Gilead Sciences Foundation — Foster City, CA · $5,031,327
- Alfred E Mann Charities Inc — San Fernando, CA · -$5,801,575
- Blueprint — Los Angeles, CA · $13,757,698
- College for Certain Inc — Oakland, CA · $14,320,441
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.