Maagalim Community Circles Inc

Analysis

Maagalim Community Circles Inc is a registered charity in United States, based in West Hills, CA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Maagalim Community Circles Inc reported income of $240k and spending of $73k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $240k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maagalim Community Circles Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Equinimity Inc ($239k), Carolyn L Farrell Foundation for Brain Health ($240k) and Champion of Choices Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $434k against liabilities of $0, net assets of $434k.