Magar Association USA Inc

Analysis

Magar Association USA Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 July 2024, Magar Association USA Inc reported income of $183k and spending of $109k, leaving 40% of income unspent that year. Across the 4 years on record, from July 2021 to July 2024, income grew from $92k to $183k (+98%), an average of +26% a year. The sharpest change came in the year to July 2024, when income rose by 88%. Over the whole period it spent 67% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Magar Association USA Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Collective Hope ($183k), Outreach Uganda ($183k) and USA for Nature Power Foundation ($183k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.