McCrossan Foundation Inc

Analysis

McCrossan Foundation Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 1956, 70 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, McCrossan Foundation Inc reported income of $2.5m and spending of $2.0m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $852k to $2.5m (+198%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 385%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McCrossan Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within SD. Charities of a similar size with the same main cause include South Coast Counseling Inc ($2.5m), Oxnard-Pathway to Educated Nutrition Inc ($2.5m) and Tri-County Society for Children & Adults Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $27.0m against liabilities of $175k, net assets of $26.8m.