Mavagi Enterprises Inc

Analysis

Mavagi Enterprises Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mavagi Enterprises Inc reported income of $9.0m and spending of $8.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $9.0m (+42%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mavagi Enterprises Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Marrakech Incorporated ($9.0m), Calvert Impact Inc ($9.1m) and Wiregrass Rehabilitation Center Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $638k (7.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $5.2m against liabilities of $1.4m, net assets of $3.8m. It reported 249 employees.