The Myrna Loy

Analysis

The Myrna Loy is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Myrna Loy reported income of $864k and spending of $839k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $679k to $864k (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Myrna Loy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within MT. Charities of a similar size with the same main cause include Miguel Contreras Foundation ($864k), Makah Cultural and Reseach Center ($864k) and Fiesta of Five Flags Foundation Inc ($863k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $59k (7.0% of expenses). Other salaries and wages came to $270k. At year end it held assets of $2.3m against liabilities of $64k, net assets of $2.2m. It reported 23 employees.