Mysi Corporation

Analysis

Mysi Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mysi Corporation reported income of $3.6m and spending of $4.3m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.7m to $3.6m (-23%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mysi Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Louisiana High School Athletic Assn ($3.6m), Brevard Schools Foundation Inc ($3.6m) and Chicago Women in Trades ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $209k (4.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.7m. It reported 102 employees.