McYhl Inc

Analysis

McYhl Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in August 2007, 19 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 May 2024, McYhl Inc reported income of $408k and spending of $388k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $450k to $408k (-9.3%), an average of -2.4% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, McYhl Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include North County Gymnastics Inc ($408k), Michigan Competing Band Association Incorporated ($408k) and The Bolton Fair Inc ($408k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3,025 (0.8% of expenses). At year end it held assets of $94k against liabilities of $0, net assets of $94k.