Mae Jane MC Guire Memorial Fund

Analysis

Mae Jane MC Guire Memorial Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mae Jane MC Guire Memorial Fund reported income of $53k and spending of $80k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $53k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 168% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mae Jane MC Guire Memorial Fund sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Open Insulin Foundation ($53k), Troost Market Collective ($53k) and Croatiafest ($53k).

Compensation of current officers, directors and key employees was $53k (67% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

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.