Mira Education

Analysis

Mira Education is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2024, Mira Education reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.8m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mira Education sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Lexington Institute ($1.8m), Spectrum Building Company ($1.8m) and Arizona Technology Council Foundation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $308k (22% of expenses). Other salaries and wages came to $413k. It paid $75k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $204k, net assets of $1.6m. It reported 8 employees.