McKenzie Institute Inc

Analysis

McKenzie Institute Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in April 1992, 34 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, McKenzie Institute Inc reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.1m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKenzie Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Disability Rights Iowa ($2.1m), Safe Passage Inc ($2.1m) and Coordinating Council for the Jewish Homeland Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 88% of the total. Other salaries and wages came to $268k. At year end it held assets of $2.1m against liabilities of $291k, net assets of $1.8m. It reported 4 employees.