Ronald McDonald House Charities of the Red River Valley

Analysis

Ronald McDonald House Charities of the Red River Valley is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Ronald McDonald House Charities of the Red River Valley reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $985k to $1.1m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities of the Red River Valley sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within ND. Charities of a similar size with the same main cause include National Association of Ems Educators ($1.1m), Readsource Inc ($1.1m) and North Oakland Home Health Care Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $97k (9.2% of expenses). Other salaries and wages came to $321k. At year end it held assets of $7.5m against liabilities of $306k, net assets of $7.2m. It reported 31 employees.