Zac Mago Foundation Inc

Analysis

Zac Mago Foundation Inc is a registered charity in United States, based in North Liberty, IN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, 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, Zac Mago Foundation Inc reported income of $78k and spending of $78k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $78k (+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 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Zac Mago Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Community Psychological Services Inc ($78k), Assisted Living Project ($78k) and Neighborhood House Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 27% of the total. At year end it held assets of $121k against liabilities of $904, net assets of $120k.