Mia Rays Squadron Inc

Analysis

Mia Rays Squadron Inc is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in September 2021, 5 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 June 2024, Mia Rays Squadron Inc reported income of $26.0m and spending of $1.5m, leaving 94% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $3.5m to $26.0m (+649%), an average of +174% a year. The sharpest change came in the year to June 2024, when income rose by 238%. Over the whole period it spent 7.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mia Rays Squadron Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Dayton Foundation Plus Inc ($25.9m), United Way of Broward County ($26.0m) and Tim Tebow Foundation Inc ($25.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $34.8m against liabilities of $307k, net assets of $34.5m.