Mighty Ally Institute

Analysis

Mighty Ally Institute is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2018, 8 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 December 2023, Mighty Ally Institute reported income of $175k and spending of $235k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $175k (+5.0%), an average of +5.0% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mighty Ally Institute sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Z Krewe Inc ($175k), Santa Rosa East Rotary Foundation ($175k) and Qli Family Foundation Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.