Ronald McDonald House Charleston

Analysis

Ronald McDonald House Charleston is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1982, 44 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 Charleston reported income of $12.9m and spending of $2.6m, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $12.9m (+305%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 426%. Over the whole period it spent 44% 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 Charleston sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Planned Parenthood of GRTR TX Famly Planning & Preventative HLTH Servs ($12.9m), Catalpa Health Inc ($12.9m) and New Choices Recovery Center ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $390k (15% of expenses). Other salaries and wages came to $526k. At year end it held assets of $21.3m against liabilities of $133k, net assets of $21.2m. It reported 32 employees.