Mystic Irish Parade Foundation

Analysis

Mystic Irish Parade Foundation is a registered charity in United States, based in Mystic, CT. It received its IRS tax-exemption ruling in October 2004, 22 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, Mystic Irish Parade Foundation reported income of $90k and spending of $143k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $90k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mystic Irish Parade Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Edward Taylor Coombs Foundation ($90k), Okjoo Foundation ($90k) and Pinksocks Life Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.