Ronald McDonald House Charities of Denver Inc

Analysis

Ronald McDonald House Charities of Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Ronald McDonald House Charities of Denver Inc reported income of $5.5m and spending of $5.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities of Denver Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Sacred Heart Foundation ($5.5m), Westminster Free Clinic ($5.5m) and American Psychiatric Nurses Association ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $166k (3.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $32.6m against liabilities of $265k, net assets of $32.3m. It reported 37 employees.