MG Global Support Foundation Inc

Analysis

MG Global Support Foundation Inc is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, MG Global Support Foundation Inc reported income of $200k and spending of $88k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $200k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MG Global Support Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Putnam Christian Outreach Inc ($200k), High Performance Center Foundation ($200k) and Deep Heart ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $144k against liabilities of $5,900, net assets of $138k.