Micronesian Legal Services Corp

Analysis

Micronesian Legal Services Corp is a registered charity in United States, based in Saipan, MP. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Micronesian Legal Services Corp reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $2.1m to $3.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Micronesian Legal Services Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 100th percentile within MP. Charities of a similar size with the same main cause include Adventist Health International ($3.6m), Every Tribe International ($3.6m) and Crudem Foundation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $1.8m against liabilities of $662k, net assets of $1.1m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.