Microenterprise Resources Initiatives & Training

Analysis

Microenterprise Resources Initiatives & Training is a registered charity in United States, based in Keizer, OR. It received its IRS tax-exemption ruling in November 2008, 18 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 June 2023, Microenterprise Resources Initiatives & Training reported income of $270k and spending of $221k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $243k to $270k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Microenterprise Resources Initiatives & Training sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within OR. Charities of a similar size with the same main cause include Kodiak Economic Development Corporation ($270k), Partnership Development Foundation Inc ($270k) and Bishops Creek Community Development Corporation ($270k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $36k (16% of expenses). Other salaries and wages came to $112k. At year end it held assets of $37k against liabilities of $9,996, net assets of $27k. It reported 6 employees.