Ronald McDonald House Charities of Columbia SC

Analysis

Ronald McDonald House Charities of Columbia SC is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Columbia SC reported income of $996k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $996k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ronald McDonald House Charities of Columbia SC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Association of Assistive Technology Act Programs ($996k), Passaic Clifton Passover Fund Inc ($996k) and Corporate Senior Center ($996k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $82k (7.3% of expenses). Other salaries and wages came to $350k. It paid $80k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $38k, net assets of $4.9m. It reported 27 employees.