Magen Giborrim Inc

Analysis

Magen Giborrim Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Magen Giborrim Inc reported income of $105k and spending of $110k, spending 105% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $79k to $105k (+33%), an average of +7.3% a year. The sharpest change came in the year to October 2022, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Magen Giborrim Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Joseph Kalema Ministries Inc ($105k), Priority Evangelism Ministry ($105k) and Outdoor Truths Inc ($105k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $462k against liabilities of $0, net assets of $462k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.