Mitchell Chang Foundation

Analysis

Mitchell Chang Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mitchell Chang Foundation reported income of $575k and spending of $80k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $575k (+566%), an average of +61% 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 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mitchell Chang Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Edward J Gallager Jr Foundation Inc ($575k), San Mateo-Foster City Community Education Foundation ($575k) and Basket of Hope ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $910k, net assets of $1.1m.