Lone Star Mycroschool Inc

Analysis

Lone Star Mycroschool Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lone Star Mycroschool Inc reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lone Star Mycroschool 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 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Liberty Christian Schools Incorporated ($2.0m), Owwl Library System ($2.0m) and Conservatory Lab Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $141k (7.0% of expenses). Other salaries and wages came to $645k. At year end it held assets of $2.8m against liabilities of $1.9m, net assets of $861k. It reported 16 employees.