Will McLean Foundation

Analysis

Will McLean Foundation is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Will McLean Foundation reported income of $310k and spending of $321k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $310k (+1287%), an average of +272% a year. The sharpest change came in the year to December 2022, when income rose by 5730%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Will McLean Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Motts Military Museum Inc ($310k), Camellia City Carnival Club ($310k) and Performing Arts Serving Acadiana Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 76% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.7m against liabilities of $7,292, net assets of $1.7m. It reported 2 employees.