American Mime Inc

Analysis

American Mime Inc is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, American Mime Inc reported income of $56k and spending of $855k, spending 1523% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $56k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 223% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Mime Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($56k), Habitat for Humanity International Inc ($56k) and Victory Through Christ Evangelistic Association ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $5.4m against liabilities of $6,080, net assets of $5.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.