Michelle McGann Fund Inc

Analysis

Michelle McGann Fund Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in May 2013, 13 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 December 2023, Michelle McGann Fund Inc reported income of $102k and spending of $128k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $102k (-75%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michelle McGann Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Mateo Family Foundation Inc ($102k), Illinois Firefighters Association Foundation ($102k) and Schroeder Foundation ($102k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 50% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.