McLean Community Foundation

Analysis

McLean Community Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in October 1981, 45 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, McLean Community Foundation reported income of $162k and spending of $152k, spending 94% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $149k to $162k (+8.8%), an average of +2.9% a year. The sharpest change came in the year to March 2021, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McLean Community Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Rotary Club of Menlo Park Foundation ($162k), Greater Minnesota Worker Center ($162k) and Saratoga Institute Inc ($162k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.