McKim Community Association Inc

Analysis

McKim Community Association Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1960, 66 years ago. 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, McKim Community Association Inc reported income of $182k and spending of $209k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $182k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKim Community Association Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Yadkin Valley United Fund Inc ($182k), Lufkin Band Boosters ($182k) and Greater Middletown Chorale Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $75k (36% of expenses). Other salaries and wages came to $25k. At year end it held assets of $439k against liabilities of $0, net assets of $439k. It reported 3 employees.