Mega Social Enterprise Inc

Analysis

Mega Social Enterprise Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mega Social Enterprise Inc reported income of $372k and spending of $413k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $372k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mega Social Enterprise Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include The Step Sisters ($372k), Dna Doe Project ($372k) and Inclusive for Women Inc Women of Toledo ($372k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $100k (24% of expenses). At year end it held assets of $2.3m against liabilities of $23k, net assets of $2.3m. It reported 9 employees.