The McGregor Foundation

Analysis

The McGregor Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1969, 57 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, The McGregor Foundation reported income of $27.6m and spending of $24.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.1m to $27.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The McGregor Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include L I Child and Family Development Services Inc ($27.5m), Association for Energy Affordability Inc ($27.6m) and St Francis Community Health Services ($27.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $824k (3.4% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $130.4m against liabilities of $32.6m, net assets of $97.8m. It reported 452 employees.