Finances and reports
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Financial reports
MAGNA responds to the world’s humanitarian crises with effective use of resources.
In 2022, the cost of MAGNA’s social programmes was €5,157,197 (98.1%). The organization’s donor, management and administration costs amounted to €98,281 (1.9%).
We also maintain a reserve that allows us to respond immediately to crises. The use of funds is strictly controlled and audited financial reports are publicly available.
In 2022, thanks to the support of over 100,000 individual donations from Slovakia and assistance from long-term institutional partners, our teams implemented activities of ongoing projects, opened missions in new countries, and also responded to several emergencies, especially on the African continent and in Ukraine.
Thanks to you, our teams have provided life-saving care to thousands of patients in 8 countries around the world.
Global numbers 2022
MAGNA’s worldwide revenue in 2022 was €6,705,119. Thanks to the support of private donors, we can also intervene quickly and independently in times of humanitarian disasters. In 2022, the share of private donations reached 54%. In 2022, the amount of private income for MAGNA increased compared to 2021. The higher private donation income in 2022 was related to the public response to the war in Ukraine coupled with trust in MAGNA projects, and many private donors as well as companies and foundations chose to help the victims of the war in Ukraine specifically through MAGNA projects.
In 2021, MAGNA provided medical and humanitarian assistance in 6 countries and spent €5,157,197 (97%) on running programmes. Donor communication and administration costs amounted to €154,705 (3%).