Mit International Inc
EIN: 812731492 · Cambridge, MA · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $8.4M |
| Net Assets | $16.7M |
Is Mit International Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mit International Inc
Mit International Inc (EIN: 812731492) is a nonprofit organization based in Cambridge, MA, classified under NTEE code B11. The organization reported total revenue of $12.8M and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mit International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mit International Inc is a large nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.3M |
| Total Expenses | $8.4M |
| Surplus / Deficit | +$15.0M |
| Total Assets | $18.7M |
| Total Liabilities | $2.0M |
| Net Assets | $16.7M |
| Operating Margin | 64.1% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2023, Mit International Inc reported a surplus of $15.0M with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Mit International Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +755.0% | +117.0% | -45.8% |
| 2022 | -57.5% | -56.1% | -19.5% |
| 2021 | -63.1% | +55.6% | -66.0% |
| 2020 | -16.5% | -43.2% | +9.9% |
| 2019 | -15.9% | -30.0% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mit International Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mit International Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.9%.
Frequently Asked Questions about Mit International Inc
Is Mit International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mit International Inc (EIN: 812731492) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mit International Inc spend its money?
Detailed spending breakdown data is not yet available for Mit International Inc. Check back for updated IRS 990 analysis.
Are donations to Mit International Inc tax-deductible?
Mit International Inc is registered as a tax-exempt nonprofit (EIN: 812731492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mit International Inc located?
Mit International Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 812731492. It is classified under NTEE code B11.
How many years of IRS 990 filings does Mit International Inc have?
Mit International Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.8M in total revenue.
Filing History
IRS 990 filing history for Mit International Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Mit International Inc's revenue has declined by 7.4%, moving from $25.2M to $23.3M. Total assets decreased by 25.7% over the same period, from $25.2M to $18.7M. In its most recent filing year (2023), Mit International Inc reported a surplus of $15.0M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $18.7M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $16.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.3M | $8.4M | $18.7M | $2.0M | — | — |
| 2022 | $2.7M | $3.9M | $34.5M | $12K | — | View 990 |
| 2021 | $6.4M | $8.8M | $42.9M | $327K | — | View 990 |
| 2020 | $17.4M | $5.7M | $126.2M | $1.5M | — | View 990 |
| 2019 | $20.9M | $10.0M | $114.8M | $1.9M | — | View 990 |
| 2018 | $24.8M | $14.2M | $102.8M | $821K | — | View 990 |
| 2017 | $68.9M | $2.7M | $92.2M | $813K | — | View 990 |
| 2016 | $25.2M | $0 | $25.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.3M, expenses of $8.4M, and assets of $18.7M (revenue +755.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.9M, and assets of $34.5M (revenue -57.5% year-over-year).
- 2021: Revenue of $6.4M, expenses of $8.8M, and assets of $42.9M (revenue -63.1% year-over-year).
- 2020: Revenue of $17.4M, expenses of $5.7M, and assets of $126.2M (revenue -16.5% year-over-year).
- 2019: Revenue of $20.9M, expenses of $10.0M, and assets of $114.8M (revenue -15.9% year-over-year).
- 2018: Revenue of $24.8M, expenses of $14.2M, and assets of $102.8M (revenue -63.9% year-over-year).
- 2017: Revenue of $68.9M, expenses of $2.7M, and assets of $92.2M (revenue +173.4% year-over-year).
- 2016: Revenue of $25.2M, expenses of $0, and assets of $25.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mit International Inc:
Data Sources and Methodology
This transparency report for Mit International Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.