Magbit Foundation
Beverly Hills, California
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,407,554↓16% | $850,390↑70% | $3,009,129↑23% | — |
| 2022 | $1,679,698↑1577% | $501,357↑25% | $2,448,864↑92% | — |
| 2021 | $100,182↓28% | $400,623↓56% | $1,273,743↓19% | — |
| 2020 | $139,133↓88% | $914,775↑184% | $1,572,243↓33% | — |
| 2019 | $1,186,620↑37% | $322,064↓49% | $2,348,711↑58% | — |
| 2018 | $864,629↓14% | $626,083↓12% | $1,486,324↑19% | — |
| 2017 | $1,002,948↑76% | $713,274↑50% | $1,243,933↑30% | — |
| 2016 | $570,888↓22% | $477,036↓31% | $954,315↑11% | — |
| 2015 | $733,590 | $693,932↓29% | $861,130↑5% | — |
| 2014 | $731,115↓31% | $975,545↑7% | $820,808↓23% | — |
| 2013 | $1,052,427↑48% | $912,108↑25% | $1,065,106↑15% | — |
| 2012 | $710,469 | $727,776↑19% | $924,431↓2% | — |
| 2011 | $708,027 | $610,444 | $942,037 | — |
Frequently Asked Questions
What does Magbit Foundation do?▼
Magbit Foundation is a unclassified nonprofit organization based in California. It is classified under NTEE code Z99Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Magbit Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, Magbit Foundation has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Magbit Foundation generate?▼
Magbit Foundation reports $4.6M in annual revenue and holds $5.4M in total assets, based on IRS filings.
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