Miho Belmont International Inc

Analysis

Miho Belmont International Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miho Belmont International Inc reported income of $382k and spending of $414k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $382k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miho Belmont International Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include One Columbia for Arts and History ($382k), Centerstage Theatre Company ($382k) and Millbrook Playhouse Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $165k (40% of expenses). At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.