My Garage Fit
Nonprofit profile at a glance
- EIN
- 934060956
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Las Vegas, NV, USA
- Phone
- 9095192330
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $125,000
- Expenses
- $14,609
- Assets
- $191,391
- Liabilities
- $5,947
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- LAURA MAE HAY (PRESIDENT, DIRECTOR)
People named in this filing
- LAURA MAE HAY (PRESIDENT, DIRECTOR)
- BRADLEY B HAY (VP, SECY, TREASURER, DIREC)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide fitness equipment to needy
What it reported doing in 2024
During 2023, the nonprofit was organized to promote and educate about healthy living by providing access to fitness equipment to people who are unable to afford it otherwise. My garage fit will also support other organizations that support and promote living a healthy lifestyle and provide people with the resources to do so.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 100
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.2%; rating input score 6
- Program expense ratio: 53.2%; rating input score 53
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 88.3%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 13.1; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 171.4% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 42.7% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 81.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 6.2% of revenue deployed · 53.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.