Ronald McDonald House of Fort Worth Inc

Analysis

Ronald McDonald House of Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1981, 45 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 December 2023, Ronald McDonald House of Fort Worth Inc reported income of $3.6m and spending of $3.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.6m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 194%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ronald McDonald House of Fort Worth Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Biomedical Engineering Society ($3.6m), K-Life Ministries ($3.6m) and Covenant Mercy Mission Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $342k (9.3% of expenses). Other salaries and wages came to $943k. It paid $138k in professional fundraising fees. At year end it held assets of $17.3m against liabilities of $247k, net assets of $17.1m. It reported 29 employees.