MAGNA’s international income in 2019 was € 4,017,509. Thanks in part to private donor support, we can intervene quickly and independently in times of humanitarian disasters. In 2019, the share of private and other donations was 15%.
In 2019 MAGNA provided medical and humanitarian assistance in 6 countries around the world and spent € 3,713,569 (95%) to run the programs. The cost of communication with donors and of administration amounted to € 205,139 (5%).
Your donations every year help us realize thousands of consultations and provision of treatment and vaccines.
At its inception, MAGNA voluntarily pledged to use at least 80% of the funds raised for project operations in the field, and only 20% for fundraising and administration. MAGNA resource expenditure is strictly controlled, and audits of financial reports are publicly available.
Where does the money come from?
In an effort to ensure our independence, we strive to maintain a high level of private donations. In 2018, 15% of MAGNA's income came from private sources. This was made possible by over 60 thousand individual donations. Public institutions providing funding for MAGNA projects included, among others, the governments of Slovakia and the Czech Republic, and UN agencies such as UNICEF, WFP, OCHA, and UNFPA.
Where was the money used?
Middle East 14%
How was the money used?
Social Mission 95%
Management and General Administration 1.5%
Social mission - 95% of total expenditures
Program expenditures 98%
Program support 2%
Other humanitarian activities 0%
Program expenditure by category
Health and nutrition 21%
Transport and storage of goods 17%
Office expenditures 4.5%
Logistics and sanitation 5%
The largest category of expenditure is personnel costs: the 49 percent of all expenditures includes all costs related to both local and international staff (including air tickets, insurance, accommodations, etc).
Health and nutrition includes medicines and medical equipment, vaccines, hospital fees, and therapeutic meals. Delivery of these materials is covered in the transport and storage category.
Logistics and sanitation includes building materials and medical centre equipment, and sanitary and logistics needs. The Other category includes, for example, external partner grants and taxes.
Finances from Slovakia in 2019
MAGNA’s income in Slovakia in 2019 was € 3,884,944. In 2019, the share of private and other donations was 12%.
In 2019 MAGNA in Slovakia provided medical and humanitarian assistance in 6 countries around the world and spent € 3,713,569 € (95%) to run the programs. The cost of communication with donors and of administration amounted to € 72,483 (2%).