The Mirasol Foundation Inc

Analysis

The Mirasol Foundation Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 April 2023, The Mirasol Foundation Inc reported income of $516k and spending of $557k, spending 108% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $143k to $516k (+260%), an average of +38% a year. The sharpest change came in the year to April 2020, when income rose by 219%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Mirasol Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Mt Baker Rotary Foundation ($515k), Franklinton Cycleworks ($516k) and Walk with Me ($515k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $170k against liabilities of $26k, net assets of $144k.