Foundation for Mechanical Insulation Education Training & in

Analysis

Foundation for Mechanical Insulation Education Training & in is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in April 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, Foundation for Mechanical Insulation Education Training & in reported income of $217k and spending of $252k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $256k to $217k (-15%), an average of -15% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Mechanical Insulation Education Training & in sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Law and Public Safety Education Network ($217k), Academy of Forensic Nursing ($217k) and Dubuque Electrical Apprenticeship Trust ($217k).

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 $84k. At year end it held assets of $53k against liabilities of $54k, net assets of -$421.