Finances, Reporting and Accountibilty
When it comes to raising and spending funds, we apply the same principles of transparency and accountability that govern all of our work.
We are accountable
Each year, our audited financial statements provide an overview of MAGNA’s work. Our activity report provides details of our activities and spending in each country and reflects the main challenges we faced during the year. Find out more about where our money comes from and how your donations are used with our financial and activity reports.
Global finances
We strive to operate as efficiently as possible and minimize both fundraising and administrative costs. From 2001 to 2023, more than 90 cents of every euro spent by MAGNA was allocated to our medical humanitarian programs.
In 2023, the cost of MAGNA’s medical and humanitarian programmes was €3 962 695 (95%). The organization’s donor, management and administration costs amounted to €194 454 (5%).
Read our International Activity Report 2023
Each year, MAGNA publishes an International Activity Report documenting the impact of our medical humanitarian work.
Support for MAGNA organization from private donors, individuals, companies, and foundations continued in 2023. Thanks to this and the reserves from the very dynamic and heightened year of 2022, we were able to ensure the operation of projects in the countries where MAGNA operates and also respond promptly in February 2023 with assistance to those affected by the earthquake in Syria.