Mississippi Association for Gifted Children-Magc

Analysis

Mississippi Association for Gifted Children-Magc is a registered charity in United States, based in Clinton, MS. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, Mississippi Association for Gifted Children-Magc reported income of $76k and spending of $103k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $76k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi Association for Gifted Children-Magc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MS. Charities of a similar size with the same main cause include The Gilbert Hemsley Lighting Programs Inc ($76k), Katherine Vickery Group Home Inc ($76k) and Little League Baseball Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.