McLean Affiliates Inc

Analysis

McLean Affiliates Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLean Affiliates Inc reported income of $31.1m and spending of $38.8m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $29.9m to $31.1m (+3.8%), an average of +0.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McLean Affiliates Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Kenton Housing Inc ($31.0m), Community Housing Partnership ($31.1m) and Tarrant County Senior Living Center Inc ($31.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $833k (2.1% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $105.2m against liabilities of $84.2m, net assets of $21.0m. It reported 501 employees.

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.