McCarton Foundation for Developmental Disabilities Inc

Analysis

McCarton Foundation for Developmental Disabilities Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, McCarton Foundation for Developmental Disabilities Inc reported income of $11.8m and spending of $12.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $11.8m (+460%), an average of +54% a year. The sharpest change came in the year to June 2020, when income rose by 193%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McCarton Foundation for Developmental Disabilities Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Riverbend Head Start Delegate Inc ($11.8m), Collaborative for Higher Education Shared Services ($11.8m) and West Chester University Foundation ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $339k (2.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $19.1m against liabilities of $18.2m, net assets of $917k. It reported 323 employees.