Bacot McCarty Foundation

Analysis

Bacot McCarty Foundation is a registered charity in United States, based in Pascagoula, MS. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 October 2023, Bacot McCarty Foundation reported income of $616k and spending of $813k, spending 132% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income fell from $1.0m to $616k (-39%), an average of -15% a year. The sharpest change came in the year to October 2022, when income dropped by 55%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bacot McCarty Foundation 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 73rd percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include United States of America Wrestling Association of Kansas Inc ($616k), St Louis Eagles Basketball Club ($616k) and Eugene Concert Choir Inc ($616k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $96k (12% of expenses). Other salaries and wages came to $86k. At year end it held assets of $894k against liabilities of $16k, net assets of $879k. It reported 3 employees.