My School Inc

Analysis

My School Inc is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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 July 2023, My School Inc reported income of $534k and spending of $551k, spending 103% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $560k to $534k (-4.5%), an average of -1.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My School Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Help Office of Owensboro Inc ($534k), Kennebec Valley Community College Foundation ($535k) and Washington Area Frisbee Club Inc ($534k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $206k. At year end it held assets of $299k against liabilities of $77k, net assets of $223k. It reported 18 employees.