McCrone Research Institute Inc

Analysis

McCrone Research Institute Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1964, 62 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McCrone Research Institute Inc reported income of $483k and spending of $617k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $562k to $483k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McCrone Research Institute Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include California Assoc for Postsecondary Education and Disability Caped ($483k), Pearl City Foundation ($483k) and Odosagih Bible Conference Assoc Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $110k (18% of expenses). Other salaries and wages came to $238k. At year end it held assets of $648k against liabilities of $516k, net assets of $132k. It reported 5 employees.