Scyh Inc

Analysis

Scyh Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Scyh Inc reported income of $547k and spending of $567k, spending 104% of its income. Across the 3 years on record, from March 2020 to March 2023, income fell from $626k to $547k (-13%), an average of -6.5% a year. The sharpest change came in the year to March 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Scyh Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Portage Soccer Club ($547k), Mountaineer United Soccer Club Inc ($547k) and Avon Canton Farmington Youth Hockey Association Inc ($547k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $2,500. At year end it held assets of $426k against liabilities of $174k, net assets of $252k.