Early Childhood at Mdy Inc

Analysis

Early Childhood at Mdy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2016, 10 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, Early Childhood at Mdy Inc reported income of $5.7m and spending of $5.2m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.1m to $5.7m (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2023, when income rose by 58%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Early Childhood at Mdy 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 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include California Maritime Academy Foundation Inc ($5.7m), Grand Rapids Community College Foundation ($5.7m) and My Brothers Workshop ($5.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $502k against liabilities of $31k, net assets of $471k. It reported 159 employees.