McLennan County Medical Education and Research Foundation

Analysis

McLennan County Medical Education and Research Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McLennan County Medical Education and Research Foundation reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLennan County Medical Education and Research Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Center for Mind-Body Medicine ($4.2m), Cerebral Palsy K I D S Center Inc ($4.2m) and San Antonio Eye Bank ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $1.1m (26% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.4m against liabilities of $2.4m, net assets of $51k. It reported 3 employees.