McAllen Education Foundation Inc

Analysis

McAllen Education Foundation Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, McAllen Education Foundation Inc reported income of $104k and spending of $129k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $60k to $104k (+73%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McAllen Education Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Moritz Fam Foundation ($104k), United Way of Palo Pinto County Inc ($104k) and Lebanon Foundation Inc ($104k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.