Kate McCarthy Memorial Fund Corporation

Analysis

Kate McCarthy Memorial Fund Corporation is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Kate McCarthy Memorial Fund Corporation reported income of $108k and spending of $92k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $108k (+13%), an average of +13% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kate McCarthy Memorial Fund Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Rotary Club of Boothbay Harbor Foundation Inc ($108k), Sharon Robotics Booster Club ($108k) and New England Municpal Clerks Institute & Acdemy ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $348k against liabilities of $700, net assets of $347k.