McLennan Community Investment Fund

Analysis

McLennan Community Investment Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, McLennan Community Investment Fund reported income of $290k and spending of $160k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $236k to $290k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McLennan Community Investment Fund sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Napa County Landmarks Inc ($290k), Winnetka Historical Society ($290k) and Baltimore County Police Foundation Inc ($290k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $95k (60% of expenses). At year end it held assets of $474k against liabilities of $8,000, net assets of $466k. It reported 4 employees.