MG Sings Inc

Analysis

MG Sings Inc is a registered charity in United States, based in Monona, WI. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, MG Sings Inc reported income of $69k and spending of $69k, spending 99% of its income. Across the 2 years on record, from July 2022 to July 2023, income fell from $71k to $69k (-2.3%), an average of -2.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MG Sings Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WI. Charities of a similar size with the same main cause include Towne Meadow PTO ($69k), Commerce City Rotary Foundation Inc ($69k) and Lady Hatchet Basketball Booster Club ($69k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 63% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.