McGregor at Overlook

Analysis

McGregor at Overlook is a registered charity in United States, based in East Cleveland, OH. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, McGregor at Overlook reported income of $1.2m and spending of $966k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $1.2m (-74%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McGregor at Overlook sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Hampton Roads Housing Assistants Inc ($1.2m), Ecumenical Partnership for Housing Inc ($1.2m) and Casa Del Sol Mobile Home Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $422k. At year end it held assets of $675k against liabilities of $140k, net assets of $535k.