Ronald McDonald House Charities of Southwest Virginia Inc

Analysis

Ronald McDonald House Charities of Southwest Virginia Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Southwest Virginia Inc reported income of $771k and spending of $870k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $821k to $771k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ronald McDonald House Charities of Southwest Virginia Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Sachamama ($771k), Air Warrior Courage Foundation ($771k) and Iit Roorkee Foundation Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $76k (8.7% of expenses). Other salaries and wages came to $260k. At year end it held assets of $1.9m against liabilities of $46k, net assets of $1.9m. It reported 19 employees.