Migizi Communications Inc

Analysis

Migizi Communications Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1980, 46 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, Migizi Communications Inc reported income of $3.5m and spending of $1.6m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.5m (+136%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Migizi Communications Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Hoyt Trust ($3.5m), Associated Students California State University Bakersfield Inc ($3.5m) and Taskin Educational Organization ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $140k (8.7% of expenses). Other salaries and wages came to $575k. It paid $74k in professional fundraising fees. At year end it held assets of $13.7m against liabilities of $1.4m, net assets of $12.3m. It reported 76 employees.