McKinzie Gardens Incorporated

Analysis

McKinzie Gardens Incorporated is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in May 1998, 28 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 September 2023, McKinzie Gardens Incorporated reported income of $114k and spending of $106k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $67k to $114k (+71%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 99%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKinzie Gardens Incorporated sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Womens Council of Nareb Inc ($114k), Maine Adult Education Association ($114k) and Coxsackie Housing Development Fund Inc ($114k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $7,629. At year end it held assets of $558k against liabilities of $944k, net assets of -$386k.