McDonald Training Center Foundation Inc

Analysis

McDonald Training Center Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McDonald Training Center Foundation Inc reported income of $164k and spending of $365k, spending 222% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $164k (-84%), an average of -37% a year. The sharpest change came in the year to September 2020, when income dropped by 77%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McDonald Training Center Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Team Type 1 Inc ($164k), LA Grange Country Club Foundation ($164k) and Bakken BBQ Charities ($164k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $3.3m against liabilities of $386k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.