McDavid Group Charities Inc

Analysis

McDavid Group Charities Inc is a registered charity in United States, based in Tequesta, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, McDavid Group Charities Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $1.2m (+195%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McDavid Group Charities Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Friends of Bas Ayin ($1.2m), Klein Memorial Auditorium Foundation Inc ($1.2m) and Watertown Community Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $85k. At year end it held assets of $765k against liabilities of $294k, net assets of $470k.