McCool Community Improvement Foundation

Analysis

McCool Community Improvement Foundation is a registered charity in United States, based in Fairmont, NE. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, McCool Community Improvement Foundation reported income of $124k and spending of $34k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $124k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McCool Community Improvement Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NE. Charities of a similar size with the same main cause include The Murray Main Street Program Inc ($124k), Carbondale Center for Small Business Technology Transfer Inc ($124k) and Virginia Therapy Services Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $189k against liabilities of $0, net assets of $189k.