Mimcs Building Company

Analysis

Mimcs Building Company is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Mimcs Building Company reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.8m (-3.1%), an average of -0.8% a year. Over the whole period it spent 164% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mimcs Building Company sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include The University of Houston Alumni Association Foundation ($1.8m), The John Paul Stevens Foundation ($1.8m) and Brownstone Experience Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $23.2m against liabilities of $24.1m, net assets of -$891k.