McCord House NFP

Analysis

McCord House NFP is a registered charity in United States, based in Palos Park, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, McCord House NFP reported income of $283k and spending of $321k, spending 113% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $224k to $283k (+27%), an average of +8.2% a year. The sharpest change came in the year to April 2023, when income rose by 22%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McCord House NFP sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Charleston Good Inc ($283k), Hmong Southeast Puav Pheej Inc ($283k) and Waterworks Visual Art Center Inc ($283k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $94k. At year end it held assets of $1.3m against liabilities of $16k, net assets of $1.3m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.