McGrorty Foundation Inc

Analysis

McGrorty Foundation Inc is a registered charity in United States, based in Brewster, NY. It received its IRS tax-exemption ruling in May 1961, 65 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, McGrorty Foundation Inc reported income of $258k and spending of $176k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $258k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 344%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McGrorty Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include National Leiomyosarcoma Foundation ($258k), Lifesworc Foundation ($258k) and Socialization Independence Development Empowerment Inc ($258k).

Compensation of current officers, directors and key employees was $16k (9.1% of expenses). At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.