Arts, Culture & Humanities
(A99)
IRS Verified
DX Registered
990 on File
MISSION BIT
Financial strength (30%)
76/100
Reliability (20%)
50/100
Effectiveness (25%)
78/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Mission Bit inspires youth of color to explore the world of STEM with project-based computer science education that embraces their identities.
Financial Overview — FY 2024
$2.3M
Total Revenue
$1.4M
Total Expenses
$2.3M
Net Assets
56
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.1%
Fundraising Efficiency
570.9%
Operating Reserve
20.01x
Liability-to-Asset
6.3%
Revenue Diversification
91.4%
Executive Compensation
$171K
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.1% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.7% | 14.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.2% | 5.4% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
570.9% | 240.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.0 mo | 16.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.3% | 10.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.4% | 74.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
64.9% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.5% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
39.6% | -0.5% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| After-school and summer bootcamp immersive bootcamp for high school beginners. | 1,800 | $300.00 | — | Per Month |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.3M | $1.4M | $2.3M | 72.1% | 56 |
| 2023 | $1.4M | $1.2M | $1.4M | 71.9% | 46 |
| 2022 | $1.2M | $972K | $1.2M | 71.5% | 50 |
| 2021 | $1.2M | $776K | N/A | — | 28 |
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