MITOACTION INC
Mission Statement
MitoAction, a Boston-based 501(c)(3) charity incorporated in 2005 (tax ID 55-0899427), is dedicated to improving the quality of life for children, adults, and families living with mitochondrial disease through support, education, outreach, advocacy, and clinical research initiatives. Mitochondrial disease is an inherited chronic illness that can be present at birth or develop later in life. It causes debilitating physical, developmental, and mental disabilities with symptoms including poor growth; loss of muscle coordination; muscle weakness and pain; seizures; vision and/or hearing loss; gastrointestinal issues; learning disabilities; and heart, liver, or kidney failure. About 1 in 4,000 people has Mito. It’s progressive and there is no cure.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.0% | 83.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.4% | 10.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.6% | 0.3% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
20.4% | 19.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.2 mo | 12.0 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.4% | 0.7% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.1% | 93.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-44.8% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.4% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-20.8% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $417K | $503K | $1.0M | 74.0% | 2 |
| 2023 | $754K | $521K | $1.1M | 75.3% | 4 |
| 2022 | $415K | $479K | $784K | 75.7% | 3 |
| 2021 | $398K | $403K | N/A | — | 3 |
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