Magura Cultural Center NFP

Analysis

Magura Cultural Center NFP is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Magura Cultural Center NFP reported income of $118k and spending of $109k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $118k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magura Cultural Center NFP 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 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Next Vista for Learning ($118k), Sevynteenth Foundation ($118k) and Education Foundation of Kenosha Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,557 against liabilities of $0, net assets of $8,557.