Mackay Home School Association

Analysis

Mackay Home School Association is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Mackay Home School Association reported income of $445k and spending of $474k, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $332k to $445k (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2022, when income rose by 848%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mackay Home School Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Touchstones Discussion Project Inc ($445k), Seth Christian Education Institute ($445k) and Homewood City Schools Foundation Inc ($445k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. At year end it held assets of $125k against liabilities of $4,500, net assets of $120k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.