MGN Ministries

Analysis

MGN Ministries is a registered charity in United States, based in Anacoco, LA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, MGN Ministries reported income of $68k and spending of $88k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $68k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, MGN Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Sola Network Inc ($68k), Row House ($68k) and Living the Word Bible Institute & Evangelism Ctr ($68k).

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 $2,784 against liabilities of $0, net assets of $2,784.