McKinney Education Foundation

Analysis

McKinney Education Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, McKinney Education Foundation reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKinney Education Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Black Health New Mexico ($1.2m), Kingdom Vision Legacy Fund ($1.2m) and Mountain Area Christian Academy Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $204k (16% of expenses). Other salaries and wages came to $216k. At year end it held assets of $12.7m against liabilities of $1.4m, net assets of $11.3m. It reported 9 employees.