Ronald McDonald House Charities of Augusta Inc

Analysis

Ronald McDonald House Charities of Augusta Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in July 1983, 43 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 Augusta Inc reported income of $993k and spending of $929k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $993k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 98% 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 Augusta Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Copiah-Lincoln Junior College Foundation Inc ($992k), Boy Scouts of America ($993k) and Central Minnesota Community Emporment Organization ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $95k (10% of expenses). Other salaries and wages came to $337k. At year end it held assets of $6.6m against liabilities of $429k, net assets of $6.2m. It reported 24 employees.