McLeod Home Inc

Analysis

McLeod Home Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, McLeod Home Inc reported income of $606k and spending of $618k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $606k (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McLeod Home Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Telacu Housing-Pico Rivera Inc ($605k), Hawaii Community Builders ($606k) and Stevens Creek Village Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $64k against liabilities of $0, net assets of $64k.