Mission Bit

Analysis

Mission Bit is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mission Bit reported income of $1.4m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $650k to $1.4m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mission Bit sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include City Ballet Inc ($1.4m), Friends of Arrow Rock ($1.4m) and Milwaukee County Historical Society ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). Other salaries and wages came to $614k. At year end it held assets of $1.6m against liabilities of $188k, net assets of $1.4m. It reported 46 employees.