Minga Education Group

Analysis

Minga Education Group is a registered charity in United States, based in Peyton, CO. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minga Education Group reported income of $5.2m and spending of $5.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.2m (+298%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minga Education Group sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Voyage Academy ($5.2m), Partnership Schools of the Central Coast ($5.2m) and Trotwood Preparatory and Fitness Academy ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $429k (8.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $194k against liabilities of $0, net assets of $194k. It reported 2 employees.