Ronald McDonald House Charities of Central Ohio Inc

Analysis

Ronald McDonald House Charities of Central Ohio Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 1976, 50 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, Ronald McDonald House Charities of Central Ohio Inc reported income of $10.7m and spending of $4.7m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $10.7m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 284%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ronald McDonald House Charities of Central Ohio Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Marshall School ($10.7m), Reach ($10.7m) and Robert a Pascal Youth & Family Services Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $385k (8.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $44.1m against liabilities of $1.0m, net assets of $43.0m.