Ronald McDonald House of New York Inc

Analysis

Ronald McDonald House of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 of New York Inc reported income of $13.8m and spending of $24.4m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.5m to $13.8m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House of New York Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Lifecare Ambulance ($13.8m), Norwalk Community Health Center Inc ($13.8m) and AIDS Foundation Houston Inc ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $2.8m (12% of expenses). Other salaries and wages came to $6.3m. It paid $123k in professional fundraising fees. At year end it held assets of $126.3m against liabilities of $11.6m, net assets of $114.7m. It reported 111 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.