The McKenney Foundation

Analysis

The McKenney Foundation is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, The McKenney Foundation reported income of $437k and spending of $42k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $489k to $437k (-11%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 661%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The McKenney Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include David Horton Ministries Inc ($437k), Shmira Community Services Inc ($437k) and Fort Wayne Childrens Choir Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $885k against liabilities of $44k, net assets of $842k.