Mylo Foundation Inc

Analysis

Mylo Foundation Inc is a registered charity in United States, based in Milton, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2022, Mylo Foundation Inc reported income of $73k and spending of $71k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $108k to $73k (-32%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Mylo Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include R & R New Options Equine Inc ($73k), Forgotten Felines Rescue ($73k) and Gabby Wild Foundation Inc ($73k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,201 against liabilities of $0, net assets of $8,201.