Ronald McDonald House Charities Detroit

Analysis

Ronald McDonald House Charities Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ronald McDonald House Charities Detroit reported income of $1.9m and spending of $2.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ronald McDonald House Charities Detroit sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Trimount Foundation Inc ($1.9m), DC Policy Center ($2.0m) and Boy Scouts of America ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $186k (8.3% of expenses). Other salaries and wages came to $483k. At year end it held assets of $8.9m against liabilities of $83k, net assets of $8.8m. It reported 21 employees.