McLean Fund

Analysis

McLean Fund is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLean Fund reported income of $4.0m and spending of $1.4m, leaving 65% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $4.0m (+193%), an average of +31% a year. The sharpest change came in the year to September 2021, when income rose by 99%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McLean Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Kingswood Community Center Inc ($4.0m), Belmont After School Enrichment Collaborative Inc ($4.0m) and Underground Railroad Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $53.9m against liabilities of $225k, net assets of $53.6m.