Mircore

Analysis

Mircore is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Mircore reported income of $376k and spending of $333k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $211k to $376k (+79%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mircore sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Committee to Reduce Infection Deaths Inc ($376k), Carter Issac Enterprises Inc ($376k) and Kansas Dental Charitable Foundation ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $28k (8.4% of expenses). Other salaries and wages came to $108k. At year end it held assets of $146k against liabilities of $0, net assets of $146k. It reported 25 employees.