Mcleod Charitable Foundation Inc
EIN: 421329115 · Marion, IA
| Metric | Value |
|---|---|
| Total Revenue | $843K |
| Total Expenses | $35K |
| Net Assets | $1.5M |
Is Mcleod Charitable Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mcleod Charitable Foundation Inc
Mcleod Charitable Foundation Inc (EIN: 421329115) is a nonprofit organization based in Marion, IA. The organization reported total revenue of $843K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcleod Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcleod Charitable Foundation Inc is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -107.6% | -58.5% | -2.4% |
| 2022 | -74.6% | +7.1% | -3.5% |
| 2020 | -157.9% | -49.4% | -3.3% |
| 2019 | -85.4% | +35.9% | +48.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mcleod Charitable Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mcleod Charitable Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Mcleod Charitable Foundation Inc
Is Mcleod Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcleod Charitable Foundation Inc (EIN: 421329115) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mcleod Charitable Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Mcleod Charitable Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Mcleod Charitable Foundation Inc tax-deductible?
Mcleod Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 421329115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mcleod Charitable Foundation Inc located?
Mcleod Charitable Foundation Inc is headquartered in Marion, Iowa and files with the IRS under EIN 421329115.
How many years of IRS 990 filings does Mcleod Charitable Foundation Inc have?
Mcleod Charitable Foundation Inc 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 $843K in total revenue.
Filing History
IRS 990 filing history for Mcleod Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mcleod Charitable Foundation Inc's revenue has declined by 104.5%, moving from $46K to $-2,060. Total assets increased by 46.4% over the same period, from $1.0M to $1.5M. Total functional expenses fell by 54.6%, from $77K to $35K. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-2,060 | $35K | $1.5M | $1 | — | View 990 |
| 2022 | $27K | $84K | $1.6M | $1 | — | View 990 |
| 2021 | $107K | $78K | $1.6M | $1 | — | — |
| 2020 | $-8,455 | $45K | $1.6M | $1 | — | — |
| 2019 | $15K | $90K | $1.6M | $1 | — | View 990 |
| 2015 | $100K | $66K | $1.1M | $1 | — | View 990 |
| 2014 | $201K | $105K | $1.1M | $1 | — | View 990 |
| 2013 | $147K | $64K | $1.3M | $1 | — | View 990 |
| 2012 | $-12,373 | $65K | $1.0M | $1 | — | View 990 |
| 2011 | $46K | $77K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-2,060, expenses of $35K, and assets of $1.5M (revenue -107.6% year-over-year).
- 2022: Revenue of $27K, expenses of $84K, and assets of $1.6M (revenue -74.6% year-over-year).
- 2021: Revenue of $107K, expenses of $78K, and assets of $1.6M.
- 2020: Revenue of $-8,455, expenses of $45K, and assets of $1.6M (revenue -157.9% year-over-year).
- 2019: Revenue of $15K, expenses of $90K, and assets of $1.6M (revenue -85.4% year-over-year).
- 2015: Revenue of $100K, expenses of $66K, and assets of $1.1M (revenue -50.1% year-over-year).
- 2014: Revenue of $201K, expenses of $105K, and assets of $1.1M (revenue +36.2% year-over-year).
- 2013: Revenue of $147K, expenses of $64K, and assets of $1.3M.
- 2012: Revenue of $-12,373, expenses of $65K, and assets of $1.0M (revenue -127.0% year-over-year).
- 2011: Revenue of $46K, expenses of $77K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcleod Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Mcleod 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.