Mi Management Inc

Analysis

Mi Management Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mi Management Inc reported income of $3.8m and spending of $3.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $3.8m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mi Management Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Quality Home Care Services Inc ($3.8m), National Interscholastic Athletic Administrators Association ($3.8m) and National Relief Telecom Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 94% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $8.6m against liabilities of $390k, net assets of $8.2m.