Senator George J Mitchell Scholarship Research Institute

Analysis

Senator George J Mitchell Scholarship Research Institute is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Senator George J Mitchell Scholarship Research Institute reported income of $6.3m and spending of $3.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $6.3m (+162%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Senator George J Mitchell Scholarship Research Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Noble Academy Cleveland Inc ($6.3m), Gesher School Inc ($6.3m) and Edvance ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $180k (5.7% of expenses). Other salaries and wages came to $651k. At year end it held assets of $48.3m against liabilities of $4.9m, net assets of $43.4m. It reported 11 employees.