Siatech Mycroschool Inc

Analysis

Siatech Mycroschool Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Siatech Mycroschool Inc reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.3m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Siatech Mycroschool Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Texas State University System Foundation Inc ($1.3m), Mosaic Project ($1.3m) and Doulos Discovery Ministries ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $165k (12% of expenses). Other salaries and wages came to $339k. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$53k. It reported 13 employees.