Ronald McDonald House Charities of the Carolinas Inc

Analysis

Ronald McDonald House Charities of the Carolinas Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1987, 39 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 December 2023, Ronald McDonald House Charities of the Carolinas Inc reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. 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, Ronald McDonald House Charities of the Carolinas Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Morristown-Hamblen Child Care Centers Inc ($1.1m), Maitland Art and History Association Inc ($1.1m) and Ray Bird Ministries Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $112k (9.0% of expenses). Other salaries and wages came to $285k. It paid $78k in professional fundraising fees. At year end it held assets of $7.9m against liabilities of $83k, net assets of $7.8m. It reported 12 employees.