Mag Institute for Excellence in Medicine Inc

Analysis

Mag Institute for Excellence in Medicine Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Mag Institute for Excellence in Medicine Inc reported income of $174k and spending of $110k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $197k to $174k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mag Institute for Excellence in Medicine Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within GA. Charities of a similar size with the same main cause include Hominy Valley Recreation Park Inc ($174k), Allys House Inc ($174k) and Ferguson Volunteer Fire Dept ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $478k against liabilities of $69k, net assets of $409k. It reported 1 employees.