Mihret Medical Supply Group Inc

Analysis

Mihret Medical Supply Group Inc is a registered charity in United States, based in Ruckersville, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Mihret Medical Supply Group Inc reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $1.6m (+380%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 447%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mihret Medical Supply Group Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Grace Global Ministries Inc ($1.6m), Muni Seva Charitable Foundation USA Inc ($1.6m) and Every Village ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $678k against liabilities of $297k, net assets of $381k.