McCarthy Holdings Charitable Corporation

Analysis

McCarthy Holdings Charitable Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, McCarthy Holdings Charitable Corporation reported income of $540k and spending of $340k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $402k to $540k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 2298%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McCarthy Holdings Charitable Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Ocean State Charities Trust ($540k), Haffenreffer Family Fund ($540k) and Christians in Commerce International ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $763k against liabilities of $10k, net assets of $753k.