McCready Manor Inc

Analysis

McCready Manor Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, McCready Manor Inc reported income of $5.1m and spending of $5.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.1m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McCready Manor Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Nazareth Inc ($5.1m), R & R Loving Hands Inc ($5.1m) and Grace Tower Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $5.3m against liabilities of $2.4m, net assets of $2.9m. It reported 222 employees.