Society for the Study of Myth and Tradition Inc

Analysis

Society for the Study of Myth and Tradition Inc is a registered charity in United States, based in Lincolndale, NY. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 June 2023, Society for the Study of Myth and Tradition Inc reported income of $337k and spending of $319k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $390k to $337k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for the Study of Myth and Tradition Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Volunteer English Program in Chester County ($337k), Wider Opportunities Inc ($337k) and National Church Residences of ($337k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $42k (13% of expenses). At year end it held assets of $102k against liabilities of $194k, net assets of -$92k. It reported 2 employees.