Ronald McDonald House Charities of New England Inc

Analysis

Ronald McDonald House Charities of New England Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 2007, 19 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 Charities of New England Inc reported income of $3.7m and spending of $3.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.7m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ronald McDonald House Charities of New England Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Ethiopian Community Association of Chicago Inc ($3.7m), Shared Hope International ($3.7m) and Tillamook County Family Young Mens Christian Association ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $509k (17% of expenses). Other salaries and wages came to $686k. At year end it held assets of $12.7m against liabilities of $268k, net assets of $12.5m. It reported 31 employees.