Magezi Ministries

Analysis

Magezi Ministries is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Magezi Ministries reported income of $106k and spending of $102k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $81k to $106k (+32%), an average of +9.6% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Magezi Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Masjid Badrudeen Inc ($106k), Rob White Ministries Inc ($106k) and Radical Truth ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $6,216, net assets of $60k.