Magen Am USA Inc

Analysis

Magen Am USA Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Magen Am USA Inc reported income of $2.2m and spending of $1.6m, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.6m to $2.2m (+37%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 88% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Magen Am USA Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Community Service Care Inc ($2.2m), Oklahoma Indian Legal Services Inc ($2.2m) and Northland Family Help Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $234k (14% of expenses). Other salaries and wages came to $526k. At year end it held assets of $659k against liabilities of $6,447, net assets of $652k. It reported 33 employees.