McClain Inc

Analysis

McClain Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1980, 46 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 September 2022, McClain Inc reported income of $1.2m and spending of $1.0m, spending 84% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $742k to $1.2m (+61%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McClain Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Achievement Rewards for College Scientists Foundation Inc ($1.2m), Rockland Worksite Day Care Center ($1.2m) and John M Eagleson Jr Institute ($1.2m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $723k. At year end it held assets of $376k against liabilities of $38k, net assets of $338k. It reported 12 employees.