Mirman School for Gifted Children

Analysis

Mirman School for Gifted Children is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mirman School for Gifted Children reported income of $21.8m and spending of $18.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.8m to $21.8m (+10%), an average of +2.4% a year. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mirman School for Gifted Children sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Eugenio Maria de Hostos Charter School ($21.8m), Louisville Collegiate School ($21.8m) and Massachusetts Museum of Contemporary Art Foundation Inc ($21.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $888k (4.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $66.2m against liabilities of $26.3m, net assets of $40.0m. It reported 129 employees.