Magen Abraham Inc

Analysis

Magen Abraham Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Magen Abraham Inc reported income of $104k and spending of $39k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $52k to $104k (+101%), an average of +101% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magen Abraham Inc sits at the 40th percentile: it is larger than about 40% 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 RHS Choir Booster Club Inc ($104k), Wyalusing Public Library ($104k) and Durham PTS ($104k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 4.8% of the total. At year end it held assets of $515k against liabilities of $490k, net assets of $25k.