Ronald McDonald House Charities of the Coastal Empire Inc

Analysis

Ronald McDonald House Charities of the Coastal Empire Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Ronald McDonald House Charities of the Coastal Empire Inc reported income of $1.0m and spending of $739k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $1.0m (+2.2%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 70% 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 Coastal Empire Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include YMCA of North Central West Virginia Inc ($1.0m), Five Towns Child Care Center Inc ($1.0m) and Alliance for Inclusion & Prevention Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $107k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $3.8m against liabilities of $24k, net assets of $3.8m. It reported 14 employees.