Mist

Analysis

Mist is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mist reported income of $411k and spending of $441k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $580k to $411k (-29%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mist sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Wranglerette Booster Club ($411k), Alpine Montessori ($411k) and Massachusetts Center for the Book Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.

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.