McKinzie Gardens II Inc

Analysis

McKinzie Gardens II Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in June 2002, 24 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 II Inc reported income of $149k and spending of $125k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $84k to $149k (+77%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKinzie Gardens II Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OK. Charities of a similar size with the same main cause include New Beginnings for Families Inc ($148k), Great Falls Supportive Housing Inc ($149k) and Virginia Avenue Apartments Inc ($148k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $9,798. At year end it held assets of $973k against liabilities of $1.5m, net assets of -$485k.