Mitoaction Inc

Analysis

Mitoaction Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Mitoaction Inc reported income of $754k and spending of $521k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $754k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mitoaction Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Tri-Community Ambulance Service Inc ($754k), The Well Counseling Center Inc ($754k) and Refuge 1212 Inc ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $140k. At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.1m. It reported 4 employees.