Margaret McNamara Education Grants

Analysis

Margaret McNamara Education Grants is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Margaret McNamara Education Grants reported income of $344k and spending of $380k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $396k to $344k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret McNamara Education Grants sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Kitsap County Emergency Medical Services and Trama Care Council ($344k), Little League Baseball Inc ($344k) and Choose Hope Womens Center ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.8m against liabilities of $425, net assets of $1.8m.