Addie E McFarland Foundation Inc

Analysis

Addie E McFarland Foundation Inc is a registered charity in United States, based in Mineola, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Addie E McFarland Foundation Inc reported income of $85k and spending of $86k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $85k (+9.2%), an average of +9.2% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Addie E McFarland Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Oregon Interscholastic Ski Racing Association ($85k), Berkeley Juneteenth Association Inc ($85k) and Lyme Community Foundation Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $303k against liabilities of $577, net assets of $303k.