M a G B Transportation Inc

Analysis

M a G B Transportation Inc is a registered charity in United States, based in Fairview, OK. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, M a G B Transportation Inc reported income of $2.6m and spending of $1.8m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.6m (+104%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M a G B Transportation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Swannanoa Volunteer Fire Department & Rescue Squad Inc ($2.6m), Liberty Lutheran Foundation ($2.6m) and Pompton Lakes Senior Citizens Housing Corp ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $949k. At year end it held assets of $1.7m against liabilities of $229k, net assets of $1.5m. It reported 46 employees.