Mica Group Inc

Analysis

Mica Group Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 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 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 December 2023, Mica Group Inc reported income of $2.5m and spending of $3.2m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $2.5m (+534%), an average of +59% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mica Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Utah Arts Alliance ($2.5m), Childrens Museum Inc ($2.5m) and The Nasw Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $175k (5.4% of expenses). At year end it held assets of $1.1m against liabilities of $21k, net assets of $1.1m.