McOre Foundation

Analysis

McOre Foundation is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, McOre Foundation reported income of $342k and spending of $280k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $69k to $342k (+393%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 224%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McOre Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include St Josephs Retirement Community Foundation ($342k), CT Breast Health Initiative Inc ($342k) and B More Incorporated ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $75k (27% of expenses). Other salaries and wages came to $54k. At year end it held assets of $232k against liabilities of $116k, net assets of $117k. It reported 2 employees.