Ronald McDonald House Charities of Knoxville Tennessee Inc

Analysis

Ronald McDonald House Charities of Knoxville Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1983, 43 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 Charities of Knoxville Tennessee Inc reported income of $985k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $732k to $985k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 91% 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 Charities of Knoxville Tennessee Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Eastern Long Island Hospital Assoc Inc ($985k), Center at Hampton House ($986k) and Emilio Nares Foundation ($985k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $170k (16% of expenses). Other salaries and wages came to $239k. At year end it held assets of $11.5m against liabilities of $6,980, net assets of $11.4m. It reported 16 employees.