Monsignor McHugh Memorial Endowment Fund

Analysis

Monsignor McHugh Memorial Endowment Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Monsignor McHugh Memorial Endowment Fund reported income of $163k and spending of $123k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $93k to $163k (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor McHugh Memorial Endowment Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Taylor Methodist Housing Inc ($163k), Millersburg Area Pool Association ($163k) and Autonomedia Inc ($163k).

Compensation of current officers, directors and key employees was $19k (15% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.