McAuley Corporation

Analysis

McAuley Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, McAuley Corporation reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.8m (+35%), an average of +7.8% a year. The sharpest change came in the year to July 2021, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McAuley Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Revel ($1.8m), Faith in Action Bay Area ($1.8m) and Favorhouse of Northwest Florida Inc ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $96k (5.6% of expenses). Other salaries and wages came to $630k. At year end it held assets of $2.9m against liabilities of $377k, net assets of $2.5m. It reported 35 employees.