Michael C McHugh Memorial Fund Inc

Analysis

Michael C McHugh Memorial Fund Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in February 2017, 9 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 2023, Michael C McHugh Memorial Fund Inc reported income of $303k and spending of $73k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $303k (+523%), an average of +523% a year. The sharpest change came in the year to December 2023, when income rose by 523%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael C McHugh Memorial Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include The Outreach Connection Inc ($303k), Forvets ($303k) and Partners in Torah of Cleveland Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $409k against liabilities of $0, net assets of $409k.