McTaggert Court Inc

Analysis

McTaggert Court Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in November 2001, 25 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, McTaggert Court Inc reported income of $97k and spending of $187k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $97k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 182% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McTaggert Court Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Harvest Homes Corporation ($97k), PPL Investment Corporation ($97k) and Front Royal Warren County Shelterfor the Homeless ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $818k against liabilities of $47k, net assets of $770k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.