McKendree Oaks at Savannah II Inc

Analysis

McKendree Oaks at Savannah II Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1962, 64 years ago. 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 December 2023, McKendree Oaks at Savannah II Inc reported income of $192k and spending of $179k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $192k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKendree Oaks at Savannah II Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Little League Baseball Inc ($192k), Little League Baseball Inc ($192k) and Nevada Veterans Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $826k against liabilities of $1.2m, net assets of -$332k.