Institute for Mediterranean Studies

Analysis

Institute for Mediterranean Studies is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover social science, 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 December 2023, Institute for Mediterranean Studies reported income of $204k and spending of $34k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $204k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Mediterranean Studies sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Art Maker LLC ($204k), Leap of Faith Arts Ministries ($204k) and Seraphim Theater Company Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.