Ronald McDonald House at the Maria Fareri Childrens Hospital Inc

Analysis

Ronald McDonald House at the Maria Fareri Childrens Hospital Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. 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, Ronald McDonald House at the Maria Fareri Childrens Hospital Inc reported income of $2.6m and spending of $1.5m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $988k to $2.6m (+159%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 61% 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 at the Maria Fareri Childrens Hospital Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Long Beach Ballet Arts Center ($2.6m), Central Oneida County Volunteer Ambulance Corps ($2.6m) and Empower Somerset Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $209k (14% of expenses). Other salaries and wages came to $404k. It paid $14k in professional fundraising fees. At year end it held assets of $7.9m against liabilities of $1.3m, net assets of $6.6m. It reported 29 employees.