McDevco Inc

Analysis

McDevco Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, McDevco Inc reported income of $460k and spending of $490k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $673k to $460k (-32%), an average of -9.1% a year. The sharpest change came in the year to August 2021, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McDevco Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Main Street Columbus Inc ($460k), World Trade Center Association Los Angeles-Long Beach ($460k) and Pathways to Independence of Central Ohio ($460k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $106k (22% of expenses). Other salaries and wages came to $74k. At year end it held assets of $3.4m against liabilities of $2.3m, net assets of $1.1m. It reported 3 employees.