Megs Gift Inc

Analysis

Megs Gift Inc is a registered charity in United States, based in Penfield, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Megs Gift Inc reported income of $120k and spending of $104k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $120k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Megs Gift Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Shifa Foundation Inc ($120k), Family Futures of Missouri ($120k) and Our Brothers Keeper Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.