Mykkids

Analysis

Mykkids is a registered charity in United States, based in South Pasadena, CA. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2021, Mykkids reported income of $337k and spending of $348k, spending 103% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $200 to $337k (+168488%), an average of +1090% a year. The sharpest change came in the year to December 2019, when income rose by 250289%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mykkids sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Noahs Ark Preschool Inc ($337k), Duluth Library Foundation ($337k) and Starbase Victory Inc ($337k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $116k (33% of expenses). Other salaries and wages came to $125k. At year end it held assets of $65k against liabilities of $12k, net assets of $53k. It reported 8 employees.