Microlife Institute Inc

Analysis

Microlife Institute Inc is a registered charity in United States, based in Clarkston, GA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. 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 December 2023, Microlife Institute Inc reported income of $681k and spending of $302k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $296k to $681k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Microlife Institute Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Association for Computing Machinery ($681k), Circle of Faith Inc ($681k) and Tudela Futbol Club Los Angeles ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $91k (30% of expenses). Other salaries and wages came to $50k. At year end it held assets of $465k against liabilities of $3,164, net assets of $462k. It reported 2 employees.