Mightycause Charitable Foundation

Analysis

Mightycause Charitable Foundation is a registered charity in United States, based in Marianna, FL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mightycause Charitable Foundation reported income of $86.3m and spending of $86.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.8m to $86.3m (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mightycause Charitable Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Bright Funds Foundation ($85.7m), Community Foundation of North Texas ($86.3m) and Community Foundation for Monterey County ($85.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (0.0% of expenses). At year end it held assets of $4.2m against liabilities of $333k, net assets of $3.9m.

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.