Ronald McDonald House Charities of Greater Chattanooga Inc

Analysis

Ronald McDonald House Charities of Greater Chattanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover health care, 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 Charities of Greater Chattanooga Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 90% 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 Charities of Greater Chattanooga Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Neurosurgery Research and Education Foundation ($2.0m), Healthfinders Collaborative Inc ($2.0m) and Leadingage Washington ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $154k (6.9% of expenses). Other salaries and wages came to $752k. It paid $203 in professional fundraising fees. At year end it held assets of $9.1m against liabilities of $114k, net assets of $9.0m. It reported 25 employees.