Ronald McDonald House Tampa Bay Inc

Analysis

Ronald McDonald House Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ronald McDonald House Tampa Bay Inc reported income of $6.6m and spending of $4.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $6.6m (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 77% 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 Tampa Bay Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Exceptional Opportunities Inc ($6.6m), Landmann Jungman Memorial Hospital Corporation ($6.6m) and Black Women for Wellness ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $134k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $22.4m against liabilities of $278k, net assets of $22.1m. It reported 56 employees.