McGowan Family Foundation Inc

Analysis

McGowan Family Foundation Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, McGowan Family Foundation Inc reported income of $1.5m and spending of $783k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, McGowan Family Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Disability Action Center of Georgia ($1.5m), Great Commission Latin America ($1.5m) and Dharius Daniels Ministries Inc ($1.5m).

At year end it held assets of $19.5m against liabilities of $16k, net assets of $19.4m.