Tug McGraw Foundation

Analysis

Tug McGraw Foundation is a registered charity in United States, based in Yountville, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tug McGraw Foundation reported income of $91k and spending of $193k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $91k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tug McGraw Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Satellite Beach Community Services Pal Inc ($91k), Siskiyou County Library Vestal Foundation ($91k) and Gage County United Way Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $70k against liabilities of $161k, net assets of -$90k.