1mt Cares

Analysis

1mt Cares is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, 1mt Cares reported income of $371k and spending of $315k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $470k to $371k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 1mt Cares sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Emilia Plater Polish Saturday School ($371k), West High School Athletic Council Inc ($371k) and Texas Institute for Federal Taxes ($371k).

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 $191k against liabilities of $0, net assets of $191k.