My First School

Analysis

My First School is a registered charity in United States, based in Floral Park, NY. It received its IRS tax-exemption ruling in August 2013, 13 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 August 2023, My First School reported income of $293k and spending of $286k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $259k to $293k (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, My First School sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Hispanic Leadership Development Foundation ($293k), Mapping Your Future Inc ($293k) and Holy Cross School Foundation of Bay City Texas ($293k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $144k. At year end it held assets of $306k against liabilities of $218k, net assets of $88k. It reported 17 employees.