Mitchell College

Analysis

Mitchell College is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mitchell College reported income of $28.1m and spending of $29.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.8m to $28.1m (-5.5%), an average of -1.4% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mitchell College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Perkiomen School ($28.1m), Walker Inc ($28.1m) and Environmental Charter School at Frick Park an Imagine School ($28.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $439k (1.5% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $42.7m against liabilities of $21.1m, net assets of $21.7m. It reported 440 employees.