McQuade Foundation

Analysis

McQuade Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, McQuade Foundation reported income of $903k and spending of $478k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $996k to $903k (-9.3%), an average of -2.4% a year. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McQuade Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Altus Residential Inc ($903k), Caritas Inc ($903k) and Christ Centered Homes Inc ($903k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6,673. At year end it held assets of $8.9m against liabilities of $2.0m, net assets of $6.9m.