McCall Foundation Inc

Analysis

McCall Foundation Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, McCall Foundation Inc reported income of $20.9m and spending of $16.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $20.9m (+275%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 190%. 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, McCall Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Prince William Sound Aquaculture Corp ($20.9m), Hunter Health Clinic Inc ($20.9m) and Bayview Hunters Point Foundation for Community Improvement Inc ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $235k (1.4% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $12.0m against liabilities of $5.5m, net assets of $6.6m. It reported 236 employees.