Myally Health

Analysis

Myally Health is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Myally Health reported income of $947k and spending of $1.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $755k to $947k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Myally Health sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within ND. Charities of a similar size with the same main cause include Engender Inc ($947k), Alcohol-Drug Council of North Carolina ($948k) and North Alabama Ahec ($947k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $134k (13% of expenses). Other salaries and wages came to $396k. At year end it held assets of $705k against liabilities of $529k, net assets of $176k. It reported 10 employees.