Mack Family Foundation

Analysis

Mack Family Foundation is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Mack Family Foundation reported income of $176k and spending of $156k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $319k to $176k (-45%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mack Family Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Young Womens Transitional Home of Moore County ($176k), Family Network ($176k) and Sustainable Organic Integrated Livelihoods ($176k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 88% of the total. At year end it held assets of $95k against liabilities of $201, net assets of $95k.