Mingei International Inc

Analysis

Mingei International Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Mingei International Inc reported income of $6.7m and spending of $8.3m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.8m to $6.7m (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 69%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mingei International Inc 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 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include L S B Leakey Foundation FR Resrch to Mans Origin Behaviour & Srvival ($6.7m), Brink Technology Inc ($6.7m) and Traditional Culture Reviving Center ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $562k (6.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $62.8m against liabilities of $11.3m, net assets of $51.5m. It reported 65 employees.