Mim Scholarship Foundation

Analysis

Mim Scholarship Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mim Scholarship Foundation reported income of $79k and spending of $33k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $79k (-0.5%), an average of -0.5% a year. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mim Scholarship Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Friends of the Fairfield Public Library Inc ($79k), Ligonier Valley Football Boosters Club ($79k) and Hempfield Band Booster Club ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $452k against liabilities of $475, net assets of $451k.