Pinellas Mycroschool Inc

Analysis

Pinellas Mycroschool Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pinellas Mycroschool Inc reported income of $1.4m and spending of $1.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinellas Mycroschool Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Birzeit University Fund ($1.4m), International Association for Continuing Education & Training ($1.4m) and Lift ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $152k (9.0% of expenses). Other salaries and wages came to $408k. At year end it held assets of $5.2m against liabilities of $5.6m, net assets of -$386k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.