Ronald McDonald House of Charlotte Inc

Analysis

Ronald McDonald House of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Charlotte Inc reported income of $2.8m and spending of $2.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.8m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ronald McDonald House of Charlotte 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Crosswinds Inc ($2.8m), Community Security Service ($2.8m) and Respond Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $151k (6.6% of expenses). Other salaries and wages came to $907k. At year end it held assets of $13.6m against liabilities of $158k, net assets of $13.5m. It reported 32 employees.