Mitchell Technical Institute Foundation

Analysis

Mitchell Technical Institute Foundation is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mitchell Technical Institute Foundation reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $1.8m (+7.9%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mitchell Technical Institute Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within SD. Charities of a similar size with the same main cause include Richmond Electricians Joint Apprenticeship Committee ($1.8m), University of Massachusetts Dartmouth Foundation Inc ($1.8m) and Bnot Shirah of Deal Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.