MGM Community Services Inc

Analysis

MGM Community Services Inc is a registered charity in United States, based in Williamstown, NJ. It received its IRS tax-exemption ruling in September 2016, 10 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, MGM Community Services Inc reported income of $577k and spending of $719k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $419k to $577k (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, MGM Community Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Missionary Financial Services ($576k), Machon Chana Womens Institute Inc ($577k) and Love of Jesus Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Other salaries and wages came to $533k. At year end it held assets of $11k against liabilities of $514k, net assets of -$503k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.