Ronald McDonald House Charities of Amarillo Inc

Analysis

Ronald McDonald House Charities of Amarillo Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Charities of Amarillo Inc reported income of $1.0m and spending of $990k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.0m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities of Amarillo Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Shangri LA Therapeutic Academy of Riding Inc ($1.0m), Simply Hope Family Outreach Inc ($1.0m) and FTD Disorders Registry LLC ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $312k. It paid $61k in professional fundraising fees. At year end it held assets of $6.3m against liabilities of $32k, net assets of $6.2m. It reported 15 employees.