Mibor Foundation Inc

Analysis

Mibor Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1986, 40 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, Mibor Foundation Inc reported income of $383k and spending of $584k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $410k to $383k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mibor Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Amphitheater Public Schools Foundation Inc ($383k), Trustees of Purdue University ($383k) and Transformations by Austin Angels ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $204k. At year end it held assets of $2.4m against liabilities of $117k, net assets of $2.2m.