Myaswan Inc

Analysis

Myaswan Inc is a registered charity in United States, based in Alamo, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Myaswan Inc reported income of $4.4m and spending of $2.9m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.4m (+185%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Myaswan Inc 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 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Throckmorton ($4.4m), People Responding in Social Ministry ($4.4m) and Community & Home Supports ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $330k. At year end it held assets of $6.7m against liabilities of $40k, net assets of $6.6m. It reported 2 employees.