Ronald McDonald House Charities of Southern Colorado Inc

Analysis

Ronald McDonald House Charities of Southern Colorado Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover health care, 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 Southern Colorado Inc reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.8m (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 60% 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 Southern Colorado Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include The Well Project Inc a Not for Profit Corporation ($1.8m), Healthcare Foundation Northern Sonoma County ($1.8m) and Theraplay Institute ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $145k (9.7% of expenses). Other salaries and wages came to $559k. At year end it held assets of $12.0m against liabilities of $55k, net assets of $12.0m. It reported 24 employees.