Biscayne Mycroschool Inc

Analysis

Biscayne Mycroschool Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Biscayne Mycroschool Inc reported income of $1.8m and spending of $2.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.8m (+31%), an average of +7.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biscayne Mycroschool Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Greenbrier Educational Foundation Inc ($1.8m), United Association of Journeymen & Apprentices of the Plumbing & Pipe ($1.8m) and Okeechobee Christian Academy Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $143k (7.1% of expenses). Other salaries and wages came to $554k. At year end it held assets of $2.4m against liabilities of $2.0m, net assets of $394k. It reported 15 employees.