Central New York Ronald McDonald House Charities Inc

Analysis

Central New York Ronald McDonald House Charities Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Central New York Ronald McDonald House Charities Inc reported income of $2.3m and spending of $1.5m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central New York Ronald McDonald House Charities 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 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Progress Center Inc ($2.3m), Vashon Maury Community Food Bank ($2.3m) and Make-A-Wish Foundation of Idaho ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $170k (11% of expenses). At year end it held assets of $14.0m against liabilities of $376k, net assets of $13.7m. It reported 24 employees.