Mirasol Health Inc

Analysis

Mirasol Health Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Mirasol Health Inc reported income of $5.4m and spending of $5.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.4m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mirasol Health Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Museum of the Rockies ($5.4m), Habitat for Humanity International Inc ($5.4m) and Our Common Ground Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $251k (5.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.2m against liabilities of $424k, net assets of $4.7m. It reported 75 employees.