MC Dermott Will and Emery Charitable Foundation

Analysis

MC Dermott Will and Emery Charitable Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, MC Dermott Will and Emery Charitable Foundation reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $626k to $1.0m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MC Dermott Will and Emery Charitable Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include United Way of Martin County Foundation Inc ($1.0m), The Change Agency ($1.0m) and Howe Family Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.