Mendiburu Magic Foundation Against Cancer

Analysis

Mendiburu Magic Foundation Against Cancer is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Mendiburu Magic Foundation Against Cancer reported income of $159k and spending of $124k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $159k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mendiburu Magic Foundation Against Cancer sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include North Mississippi Mental Health Foundation Inc ($159k), Bear Valley Community Healthcare District Foundation ($159k) and Eastern New Mexico Medical Center Hospital Auxiliary Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $66k against liabilities of $11k, net assets of $55k.