Mcleigh Foundation
Mcleigh Foundation shows volatile revenue and stable assets with no officer compensation.
EIN: 20538592 · Hollywood, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $162K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $87K |
| Transparency Score | 65/100 |
Is Mcleigh Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcleigh Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcleigh Foundation
Mcleigh Foundation (EIN: 20538592) is a nonprofit organization based in Hollywood, SC, classified under NTEE code T22. The organization reported total revenue of $162K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcleigh Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcleigh Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $3K |
| Surplus / Deficit | +$2K |
| Total Assets | $87K |
| Total Liabilities | $531 |
| Net Assets | $87K |
| Operating Margin | 39.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 412.2 months |
Financial Health Grade: A
In 2024, Mcleigh Foundation reported a surplus of $2K with revenue exceeding expenses, holds 412.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Mcleigh Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -214.9% | +71.5% | -20.3% |
| 2022 | -70.3% | +25.5% | -4.3% |
| 2021 | -25.1% | -20.5% | +11.3% |
| 2020 | +159.6% | -78.1% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Mcleigh Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mcleigh Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not paid, which is highly unusual for an organization of any size and suggests a volunteer-led or extremely lean operational model.
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 Mcleigh Foundation's IRS 990 filings:
- Highly volatile revenue, including negative revenue in 202304 (-$5,944), indicating unstable funding.
- Relatively low and fluctuating assets compared to the overall revenue history, suggesting limited financial reserves.
- Lack of detailed functional expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Mcleigh Foundation:
- Consistent filing of IRS 990 forms over a decade, demonstrating transparency.
- 0% officer compensation reported across all filings, indicating a volunteer-driven or highly cost-conscious leadership.
- Maintained positive assets despite revenue volatility, showing some financial resilience.
Frequently Asked Questions about Mcleigh Foundation
Is Mcleigh Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcleigh Foundation (EIN: 20538592) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mcleigh Foundation spend its money?
Mcleigh Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcleigh Foundation tax-deductible?
Mcleigh Foundation is registered as a tax-exempt nonprofit (EIN: 20538592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mcleigh Foundation's spending goes to programs?
Mcleigh Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcleigh Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mcleigh 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 Mcleigh Foundation located?
Mcleigh Foundation is headquartered in Hollywood, South Carolina and files with the IRS under EIN 20538592. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mcleigh Foundation have?
Mcleigh 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 $162K in total revenue.
Is Mcleigh Foundation a good charity?
The Mcleigh Foundation exhibits strong points like 0% officer compensation and consistent filing, but its highly volatile revenue and relatively small scale make it difficult to definitively label as 'good' without more insight into program impact and specific expense allocations.
What is the Mcleigh Foundation's primary source of funding?
Based on the provided data, the revenue figures fluctuate significantly, including negative revenue in 202304, suggesting reliance on donations or grants that are inconsistent, or potentially investment losses impacting net revenue.
How does the Mcleigh Foundation manage its expenses?
Expenses have varied, from a low of $2,534 in 202404 to a high of $42,116 in 201604. Without a functional expense breakdown, it's challenging to determine how efficiently these expenses are allocated between program, administrative, and fundraising activities.
Filing History
IRS 990 filing history for Mcleigh Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Mcleigh Foundation's revenue has declined by 53%, moving from $9K to $4K. Total assets decreased by 0.4% over the same period, from $87K to $87K. Total functional expenses fell by 75%, from $10K to $3K. In its most recent filing year (2024), Mcleigh Foundation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $531 in liabilities against $87K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4K | $3K | $87K | $531 | — | View 990 |
| 2023 | $-5,944 | $16K | $85K | $531 | — | View 990 |
| 2022 | $5K | $9K | $107K | $531 | — | View 990 |
| 2021 | $17K | $7K | $112K | $1K | — | — |
| 2020 | $23K | $9K | $101K | $0 | — | View 990 |
| 2016 | $9K | $42K | $89K | $0 | — | View 990 |
| 2015 | $38K | $11K | $122K | $0 | — | View 990 |
| 2014 | $18K | $6K | $94K | $0 | — | View 990 |
| 2013 | $7K | $12K | $82K | $0 | — | View 990 |
| 2012 | $9K | $10K | $87K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4K, expenses of $3K, and assets of $87K.
- 2023: Revenue of $-5,944, expenses of $16K, and assets of $85K (revenue -214.9% year-over-year).
- 2022: Revenue of $5K, expenses of $9K, and assets of $107K (revenue -70.3% year-over-year).
- 2021: Revenue of $17K, expenses of $7K, and assets of $112K (revenue -25.1% year-over-year).
- 2020: Revenue of $23K, expenses of $9K, and assets of $101K (revenue +159.6% year-over-year).
- 2016: Revenue of $9K, expenses of $42K, and assets of $89K (revenue -76.6% year-over-year).
- 2015: Revenue of $38K, expenses of $11K, and assets of $122K (revenue +110.7% year-over-year).
- 2014: Revenue of $18K, expenses of $6K, and assets of $94K (revenue +149.0% year-over-year).
- 2013: Revenue of $7K, expenses of $12K, and assets of $82K (revenue -17.3% year-over-year).
- 2012: Revenue of $9K, expenses of $10K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcleigh Foundation:
Data Sources and Methodology
This transparency report for Mcleigh 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.