Ronald McDonald House Lexington Inc

Analysis

Ronald McDonald House Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Ronald McDonald House Lexington Inc reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 91% 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 Lexington Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Alcoholism Council of Cincinnati Area ($2.3m), Drug Abuse Council of Snohomish County ($2.3m) and Union Hospital Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $112k (5.1% of expenses). Other salaries and wages came to $664k. It paid $112k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $309k, net assets of $4.9m. It reported 35 employees.