McGuire Memorial Foundation

Analysis

McGuire Memorial Foundation is a registered charity in United States, based in Coraopolis, PA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, McGuire Memorial Foundation reported income of $2.0m and spending of $1.1m, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.0m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McGuire Memorial Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Kinyan Hamashechta Inc Vhaarev Na ($2.0m), Greater Cincinnati Behavioral Health Services Foundation ($2.0m) and Bay Area Lyme Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $9.8m against liabilities of $171k, net assets of $9.7m.