Mission Capital

Analysis

Mission Capital is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 July 2023, Mission Capital reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.0m to $2.2m (-27%), an average of -7.4% a year. The sharpest change came in the year to July 2022, when income dropped by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mission Capital sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Meigs County Council on Aging Inc ($2.2m), Foundation for Sephardic Studies Inc ($2.2m) and Habitat for Humanity International Inc ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $234k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $132k, net assets of $2.3m. It reported 26 employees.