Mgba Incorporated

Analysis

Mgba Incorporated is a registered charity in United States, based in Mableton, GA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Mgba Incorporated reported income of $657k and spending of $883k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $543k to $657k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mgba Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Velodrome Fund ($656k), Hudson Soccer Association Inc ($657k) and McLean Youth Athletics Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 2.1% of the total. At year end it held assets of $297k against liabilities of $138k, net assets of $159k.