Mdyhs Inc

Analysis

Mdyhs Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2014, 12 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 August 2023, Mdyhs Inc reported income of $11.1m and spending of $9.6m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.3m to $11.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2023, when income rose by 66%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mdyhs Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Miami Arts Inc ($11.1m), Middle Village Preparatory Charter School ($11.1m) and Summerfield Waldorf School and Farm ($11.1m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (11% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $1.4m against liabilities of $118k, net assets of $1.3m. It reported 144 employees.