Greater Cincinnati Microenterprise Initiative Incorporated

Analysis

Greater Cincinnati Microenterprise Initiative Incorporated is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Greater Cincinnati Microenterprise Initiative Incorporated reported income of $677k and spending of $567k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $677k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Cincinnati Microenterprise Initiative Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include National Council of Jewish Women Incorporated ($677k), Wisconsin Real Estate Alumni ($678k) and One Mission Tuscaloosa County ($677k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $120k. At year end it held assets of $1.1m against liabilities of $57k, net assets of $1.1m. It reported 3 employees.