Myap Inc

Analysis

Myap Inc is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Myap Inc reported income of $262k and spending of $258k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $262k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Myap Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Dance Source Houston ($262k), Mark Making ($262k) and Veterans Museum Miami Valley ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $89k. At year end it held assets of $90k against liabilities of $87k, net assets of $3,569.