McKinley II Inc

Analysis

McKinley II Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1996, 30 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 June 2023, McKinley II Inc reported income of $214k and spending of $276k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $203k to $214k (+5.5%), an average of +1.3% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKinley II Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing V Inc ($214k), Union Seniors Association ($214k) and Renewal House Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $861k against liabilities of $1.3m, net assets of -$412k.

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.