The Macmillan Institute

Analysis

The Macmillan Institute is a registered charity in United States, based in Duncanville, TX. It received its IRS tax-exemption ruling in December 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 June 2023, The Macmillan Institute reported income of $369k and spending of $424k, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $52k to $369k (+608%), an average of +166% a year. The sharpest change came in the year to June 2022, when income rose by 384%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Macmillan Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Sphere Inc ($369k), Foundation for Senior Adult Living Inc ($369k) and Kansas Infant Death and Sids Network Inc ($369k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). Other salaries and wages came to $204k. At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 6 employees.