Ronald McDonald House Charities Inc

Analysis

Ronald McDonald House Charities Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ronald McDonald House Charities Inc reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.3m (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include South Florida Arts & Counseling Inc ($1.3m), Media Collective Inc ($1.3m) and Salem Area Visiting Nurse Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $76k (5.4% of expenses). Other salaries and wages came to $580k. At year end it held assets of $9.0m against liabilities of $151k, net assets of $8.9m. It reported 21 employees.