McKemie Place Inc

Analysis

McKemie Place Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in July 2010, 16 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 (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, McKemie Place Inc reported income of $513k and spending of $620k, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $469k to $513k (+9.3%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKemie Place Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Round House Manor Inc ($512k), Bearman Golden Gardens Inc ($513k) and Connections Ministry ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $324k. At year end it held assets of $1.1m against liabilities of $898k, net assets of $187k.