George And Margaret Mclane Foundation
George And Margaret Mclane Foundation consistently operates with 0% officer compensation amidst fluctuating revenues and declining assets.
EIN: 207373591 · Cincinnati, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $6.1M |
| Transparency Score | 90/100 |
Is George And Margaret Mclane Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George And Margaret Mclane Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George And Margaret Mclane Foundation
George And Margaret Mclane Foundation (EIN: 207373591) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code T22. The organization reported total revenue of $1.3M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George And Margaret Mclane Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George And Margaret Mclane Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $959K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-304,336 |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | -31.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.7 months |
Financial Health Grade: B
In 2023, George And Margaret Mclane Foundation reported a deficit of $304K with expenses exceeding revenue, holds 57.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), George And Margaret Mclane Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132.4% | +48.6% | -4.8% |
| 2022 | -49.2% | +9.5% | -6.4% |
| 2021 | +103.2% | -21.6% | +0.5% |
| 2020 | -6.9% | +20.0% | -8.0% |
| 2019 | -1.9% | +17.0% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates George And Margaret Mclane Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, George And Margaret Mclane Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $304K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer-led organization or compensation structured in a way that is not reported as officer compensation on the 990, which is highly favorable for spending efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of George And Margaret Mclane Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $7,922,862 in 2012 to $6,071,916 in 2023, which could impact future grantmaking capacity if not replenished.
Strengths
The following positive indicators were identified for George And Margaret Mclane Foundation:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and dedication to mission.
- Minimal liabilities reported ($1 in recent years), demonstrating strong financial health and low debt risk.
- Stable operational expenses despite fluctuating revenues, suggesting effective budget management.
- Long filing history (10 filings) indicates sustained operation and transparency.
Frequently Asked Questions about George And Margaret Mclane Foundation
Is George And Margaret Mclane Foundation a legitimate charity?
George And Margaret Mclane Foundation (EIN: 207373591) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does George And Margaret Mclane Foundation spend its money?
George And Margaret Mclane Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George And Margaret Mclane Foundation tax-deductible?
George And Margaret Mclane Foundation is registered as a tax-exempt nonprofit (EIN: 207373591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does George And Margaret Mclane Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), George And Margaret Mclane Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George And Margaret Mclane Foundation located?
George And Margaret Mclane Foundation is headquartered in Cincinnati, Ohio and files with the IRS under EIN 207373591. It is classified under NTEE code T22.
How many years of IRS 990 filings does George And Margaret Mclane Foundation have?
George And Margaret Mclane Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is the George And Margaret Mclane Foundation a good charity?
Based on the available IRS 990 data, the foundation appears to be a good charity, primarily due to its consistent 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries. Its minimal liabilities also suggest sound financial management.
What is the trend in the foundation's assets?
The foundation's assets have shown a general downward trend from a high of $7,922,862 in 2012 to $6,071,916 in 2023, suggesting consistent grantmaking activity that draws down its endowment over time.
How does the foundation manage its administrative costs?
While specific administrative cost breakdowns are not fully detailed in the provided summary, the consistent 0% officer compensation strongly suggests a lean administrative structure, allowing a greater proportion of funds to be allocated to programs.
Filing History
IRS 990 filing history for George And Margaret Mclane Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), George And Margaret Mclane Foundation's revenue has declined by 56.4%, moving from $2.2M to $959K. Total assets increased by 180.9% over the same period, from $2.2M to $6.1M. Total functional expenses rose by 3008.2%, from $41K to $1.3M. In its most recent filing year (2023), George And Margaret Mclane Foundation reported a deficit of $304K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $959K | $1.3M | $6.1M | $1 | — | — |
| 2022 | $413K | $850K | $6.4M | $1 | — | View 990 |
| 2021 | $813K | $777K | $6.8M | $1 | — | — |
| 2020 | $400K | $990K | $6.8M | $1 | — | — |
| 2019 | $430K | $826K | $7.4M | $1 | — | View 990 |
| 2015 | $438K | $706K | $7.7M | $201K | — | View 990 |
| 2014 | $703K | $746K | $7.8M | $0 | — | View 990 |
| 2013 | $575K | $659K | $7.8M | $0 | — | View 990 |
| 2012 | $6.3M | $562K | $7.9M | $0 | — | View 990 |
| 2011 | $2.2M | $41K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $959K, expenses of $1.3M, and assets of $6.1M (revenue +132.4% year-over-year).
- 2022: Revenue of $413K, expenses of $850K, and assets of $6.4M (revenue -49.2% year-over-year).
- 2021: Revenue of $813K, expenses of $777K, and assets of $6.8M (revenue +103.2% year-over-year).
- 2020: Revenue of $400K, expenses of $990K, and assets of $6.8M (revenue -6.9% year-over-year).
- 2019: Revenue of $430K, expenses of $826K, and assets of $7.4M (revenue -1.9% year-over-year).
- 2015: Revenue of $438K, expenses of $706K, and assets of $7.7M (revenue -37.7% year-over-year).
- 2014: Revenue of $703K, expenses of $746K, and assets of $7.8M (revenue +22.3% year-over-year).
- 2013: Revenue of $575K, expenses of $659K, and assets of $7.8M (revenue -90.9% year-over-year).
- 2012: Revenue of $6.3M, expenses of $562K, and assets of $7.9M (revenue +187.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $41K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George And Margaret Mclane Foundation:
Data Sources and Methodology
This transparency report for George And Margaret Mclane Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.