Megans Wings Inc

Analysis

Megans Wings Inc is a registered charity in United States, based in Laguna Niguel, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Megans Wings Inc reported income of $256k and spending of $304k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $256k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Megans Wings Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Industry Sheriffs Youth Athletic League ($256k), Silver Stallion Bicycle & Coffee Works Inc ($256k) and Building Utah Youth ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.9% of the total. Other salaries and wages came to $64k. At year end it held assets of $935k against liabilities of $20k, net assets of $915k. It reported 3 employees.