Ronald McDonald House Charities of Norfolk Virginia Inc

Analysis

Ronald McDonald House Charities of Norfolk Virginia Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ronald McDonald House Charities of Norfolk Virginia Inc reported income of $869k and spending of $707k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $724k to $869k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities of Norfolk Virginia Inc 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 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include American Friends of Blev Echad Inc ($869k), Friends of FSH Research ($869k) and Rural Health Partners Inc ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $98k (14% of expenses). Other salaries and wages came to $206k. It paid $42k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $16k, net assets of $6.8m. It reported 11 employees.