McClaskey Excellence Foundation

Analysis

McClaskey Excellence Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, McClaskey Excellence Foundation reported income of $160k and spending of $1,300, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $160k (+4.8%), an average of +4.8% a year. Over the whole period it spent 0.7% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McClaskey Excellence Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include The Greater Beloit Economic Development Corporation ($160k), Downtown Lima Inc ($160k) and Fuquay Varina Downtown Association ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.