Monsignor McCann Community Fund

Analysis

Monsignor McCann Community Fund is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Monsignor McCann Community Fund reported income of $199k and spending of $74k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $199k (-92%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 7.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monsignor McCann Community Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Native American Business Association ($199k), Alton Economic Development Corporation ($199k) and Polish American Medical Society ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.