Mi Escuelita Incorporated

Analysis

Mi Escuelita Incorporated is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Mi Escuelita Incorporated reported income of $831k and spending of $748k, spending 90% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $544k to $831k (+53%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mi Escuelita Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Teach Kentucky Inc ($830k), Heights of Learning ($831k) and Birmingham Theological Seminary ($830k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $71k (9.5% of expenses). Other salaries and wages came to $456k. At year end it held assets of $568k against liabilities of $36k, net assets of $532k. It reported 23 employees.