Macleod Charitable Foundation Inc
Macleod Charitable Foundation maintains strong assets and zero executive compensation.
EIN: 208153065 · Fort Collins, CO · NTEE: T20 · Updated: 2026-03-28
Is Macleod Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Macleod Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Macleod Charitable Foundation Inc
Macleod Charitable Foundation Inc (EIN: 208153065) is a nonprofit organization based in Fort Collins, CO, classified under NTEE code T20. The organization reported total revenue of $186K and total assets of $970K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Macleod Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Macleod Charitable Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $114K |
| Surplus / Deficit | +$23K |
| Total Assets | $937K |
| Total Liabilities | $1 |
| Net Assets | $937K |
| Operating Margin | 17.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.9 months |
Financial Health Grade: A
In 2023, Macleod Charitable Foundation Inc reported a surplus of $23K with revenue exceeding expenses, holds 98.9 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), Macleod Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | -0.9% | +2.6% |
| 2022 | +23.3% | +1.0% | +1.8% |
| 2021 | -8.6% | -18.8% | -1.6% |
| 2020 | -48.0% | +34.7% | -2.6% |
| 2019 | +291.3% | +141.3% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Macleod Charitable Foundation Inc with a Mission Score of 95 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, Macleod Charitable Foundation Inc 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with nearly $1 million in assets.
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.
Strengths
The following positive indicators were identified for Macleod Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency.
- Strong and growing asset base, currently at $970,063.
- Very low liabilities (e.g., $1 in 2023), demonstrating excellent solvency.
- Consistent filing of IRS Form 990s, indicating good transparency.
- Expenses generally well-managed relative to revenue in recent years (e.g., $137,033 revenue vs. $113,661 expenses in 2023).
Frequently Asked Questions about Macleod Charitable Foundation Inc
Is Macleod Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Macleod Charitable Foundation Inc (EIN: 208153065) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Macleod Charitable Foundation Inc spend its money?
Macleod Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Macleod Charitable Foundation Inc tax-deductible?
Macleod Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208153065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Macleod Charitable Foundation Inc a good charity?
Based on the available data, Macleod Charitable Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a remarkable commitment to directing funds towards its mission by reporting 0% executive compensation.
How has the organization's revenue trended over time?
Revenue has fluctuated, with a peak of $556,812 in 2012 and a more recent range between $105,820 and $137,033 from 2021-2023, showing some variability but generally stable recent performance.
What is the organization's asset growth like?
The organization has shown consistent asset growth, increasing from $267,265 in 2011 to $970,063 currently, indicating strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Macleod Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Macleod Charitable Foundation Inc's revenue has grown by 249.1%, moving from $39K to $137K. Total assets increased by 250.5% over the same period, from $267K to $937K. Total functional expenses rose by 401.4%, from $23K to $114K. In its most recent filing year (2023), Macleod Charitable Foundation Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $937K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $937K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $114K | $937K | $1 | — | View 990 |
| 2022 | $130K | $115K | $913K | $1 | — | View 990 |
| 2021 | $106K | $114K | $898K | $1 | — | — |
| 2020 | $116K | $140K | $913K | $1 | — | — |
| 2019 | $223K | $104K | $937K | $0 | — | View 990 |
| 2015 | $57K | $43K | $802K | $0 | — | View 990 |
| 2014 | $61K | $64K | $792K | $0 | — | View 990 |
| 2013 | $59K | $64K | $789K | $0 | — | View 990 |
| 2012 | $557K | $29K | $795K | $0 | — | View 990 |
| 2011 | $39K | $23K | $267K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $114K, and assets of $937K (revenue +5.0% year-over-year).
- 2022: Revenue of $130K, expenses of $115K, and assets of $913K (revenue +23.3% year-over-year).
- 2021: Revenue of $106K, expenses of $114K, and assets of $898K (revenue -8.6% year-over-year).
- 2020: Revenue of $116K, expenses of $140K, and assets of $913K (revenue -48.0% year-over-year).
- 2019: Revenue of $223K, expenses of $104K, and assets of $937K (revenue +291.3% year-over-year).
- 2015: Revenue of $57K, expenses of $43K, and assets of $802K (revenue -6.0% year-over-year).
- 2014: Revenue of $61K, expenses of $64K, and assets of $792K (revenue +2.9% year-over-year).
- 2013: Revenue of $59K, expenses of $64K, and assets of $789K (revenue -89.4% year-over-year).
- 2012: Revenue of $557K, expenses of $29K, and assets of $795K (revenue +1318.5% year-over-year).
- 2011: Revenue of $39K, expenses of $23K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Macleod Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Macleod Charitable Foundation Inc 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.