Myka Foundation

Analysis

Myka Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Myka Foundation reported income of $165k and spending of $425k, spending 257% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $355k to $165k (-54%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Myka Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Fondation Saint Joseph ($165k), FCS New Market Landlord Inc ($165k) and Ssafe Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.