MIT International Inc

Analysis

MIT International Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, MIT International Inc reported income of $23.3m and spending of $8.4m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $23.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 755%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MIT International Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Reuben McMillan Free Library Association ($23.3m), California Institute for Biodiversity ($23.4m) and Lincoln Charter School Inc ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $18.7m against liabilities of $2.0m, net assets of $16.7m. It reported 1 employees.