Ronald McDonald House Long Island Inc

Analysis

Ronald McDonald House Long Island Inc is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Ronald McDonald House Long Island Inc reported income of $15.2m and spending of $6.2m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $15.2m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ronald McDonald House Long Island Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Master & Fellows of Peterhouse ($15.2m), Link Associates ($15.2m) and Hancock Hardin Wyandot Putnam Community Action Commission ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $550k (8.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $35.4m against liabilities of $1.3m, net assets of $34.1m. It reported 50 employees.