Overview
What is Magnified Giving?
Magnified Giving is a nonprofit organization situated in Cincinnati, Ohio, with a small team of nine dedicated individuals. Their primary mission is to distribute grants to local charities, leveraging the power of education and youth involvement. This is achieved through collaborations with junior high and high school students engaged in youth philanthropy programs and giving circles. During the 2021 period, Magnified Giving supported 124 such programs, resulting in the allocation of 175 grants to 131 eligible nonprofit organizations. The organization's activities are centered around fostering philanthropic values among young people, and empowering them to contribute to their local communities by championing worthy causes.
Official website here: www.magnifiedgiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Magnified Giving has achieved an impressive 100% rating from Charity Navigator, reflecting its strong performance in both accountability and finance as well as culture and community. With a focus on transparency, the organization has demonstrated remarkable governance, evidenced by a board comprised entirely of independent members and a comprehensive set of policies in place, including conflict of interest and whistleblower protections. The charity's financial health is also commendable, boasting a low liabilities to assets ratio and a high program expense ratio.
The organization excels in its commitment to constituent feedback, receiving a perfect score in areas such as feedback collection and usage. This indicates that Magnified Giving prioritizes the voices of those it serves and actively seeks to incorporate their input into its operations and programs. The strong culture and community metrics suggest a positive internal environment and a dedicated approach to its mission.
Despite the charity’s many strengths, there are no noted limitations in the available data. Overall, Magnified Giving stands out as a highly effective nonprofit, demonstrating both financial responsibility and a strong connection with its community.
This AI summary has been generated from information found on Charity Navigator.
Is Magnified Giving legitimate?
Magnified Giving is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnified Giving submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,251
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,153
For more financial information, click here
Official website here: www.magnifiedgiving.org
What is the mission statement of Magnified Giving?
Magnified Giving's mission is centered around providing grants to local charities. This mission is achieved through engaging junior high and high school students in youth philanthropy education. The organization encourages these students to participate in grant distribution processes, which are facilitated through school and nonprofit youth group programs, as well as giving circles. Grants are then awarded to various nonprofit organizations, with Magnified Giving having previously involved 124 programs and distributing funds to 131 organizations.
Official website here: www.magnifiedgiving.org
Who is the CEO of Magnified Giving?
Roger F Grein is the Board Member of Magnified Giving.
Official website here: www.magnifiedgiving.org
What is the revenue of Magnified Giving?
Magnified Giving's revenue in 2023 was $649,634.
Official website here: www.magnifiedgiving.org
Who are the executives of Magnified Giving and what are their salaries?
The average compensation at Magnified Giving during 2023 was $35,712. There are 9 employees and 10 volunteers at Magnified Giving.
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Official website here: www.magnifiedgiving.org
Where can I find the form 990 for Magnified Giving?
Magnified Giving's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.magnifiedgiving.org
Learn more at the official website: www.magnifiedgiving.org
Mission Statement of Magnified Giving
Magnified Giving, an organization dedicated to philanthropy education, aims to empower junior high and high school students by involving them in the process of grant distribution to local charities. Its mission is to foster a sense of community responsibility and teaching the importance of charitable giving among the younger generation. Through school and nonprofit youth group programming and giving circles, Magnified Giving distributes grants to deserving nonprofit organizations. In the 2021 fiscal year, they supported 124 programs and awarded 175 grants to 131 nonprofit organizations, demonstrating their commitment to making a tangible impact in their communities.
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Impact
July, 2024
Magnified Giving has made a significant impact by providing grants to local charities through junior high and high school students participating in youth philanthropy education. With 124 programs participating and 175 grants awarded to 131 nonprofit organizations, Magnified Giving has been able to support numerous causes and initiatives in Cincinnati, Ohio. This unique approach to engaging young people in philanthropy not only benefits the organizations receiving funding but also helps to cultivate a new generation of socially conscious and engaged citizens.
This information is meant to be a general summary of Magnified Giving. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $37,908
- Program Service Revenue: $18,928
- Gross Receipts: $844,642
Assets and Liabilities:
- Total Assets: $1,599,950
- Total Liabilities: $61,974
- Net Assets: $1,537,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Summer Camp Fees
Revenue
$18,928
Organization Details
Founding Year
2008
Phone
(513) 733-9727Principal Officer
Roger F Grein
Main Address
9940 Reading Road, Cincinnati, OH, 45241
Website
www.magnifiedgiving.orgNTEE Category
Code: T50 - Philanthropy
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