McLain Association for Children Inc

Analysis

McLain Association for Children Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, McLain Association for Children Inc reported income of $346k and spending of $586k, spending 169% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $381k to $346k (-9.2%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McLain Association for Children Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Berkeley High School Athletic Booster Club ($346k), National Council for Private School Accreditation ($346k) and Royal Legacy Christian Academy ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (17% of expenses). Other salaries and wages came to $62k. At year end it held assets of $268k against liabilities of $1,805, net assets of $266k. It reported 3 employees.