McDowell Lfac

Analysis

McDowell Lfac is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 July 2023, McDowell Lfac reported income of $1.3m and spending of $821k, leaving 37% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $656k to $1.3m (+98%), an average of +26% a year. The sharpest change came in the year to July 2022, when income rose by 41%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McDowell Lfac sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Milagro House ($1.3m), Viva Pima ($1.3m) and Longview Community Ministries Information and Service Center Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $76k (9.2% of expenses). Other salaries and wages came to $177k. At year end it held assets of $1.8m against liabilities of $11k, net assets of $1.8m. It reported 7 employees.