McCloud Cares

Analysis

McCloud Cares is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, 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 December 2023, McCloud Cares reported income of $55k and spending of $48k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $55k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McCloud Cares sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Gifts That Matter Inc ($55k), Seymour Oxford Food Bank Inc ($55k) and Our Fine Arts These Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $4,470, net assets of $7,747.