McKinley IV Inc

Analysis

McKinley IV Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2003, 23 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 IV Inc reported income of $228k and spending of $245k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $194k to $228k (+18%), an average of +4.1% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKinley IV Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Harriets Housing ($228k), Minford Associates Housing Development Fund Corporation ($228k) and Restoring Women Outreach ($228k).

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 $1.7m against liabilities of $1.8m, net assets of -$142k.