McKinley III Inc

Analysis

McKinley III Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 III Inc reported income of $154k and spending of $174k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $151k to $154k (+2.4%), an average of +0.6% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McKinley III Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Shekinah Glory Fire Ministries Inc ($154k), Wine on Wheels Inc ($154k) and Neighborhood Technical Assistance Clinic ($154k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. At year end it held assets of $830k against liabilities of $1.1m, net assets of -$274k.

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.