Ray C Mckinley Family Foundation
Ray C McKinley Family Foundation consistently spends more than annual revenue, drawing down its multi-million dollar asset base.
EIN: 205604435 · Omaha, NE · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $272K |
| Program Spending | 90% |
| Net Assets | $4.1M |
| Transparency Score | 75/100 |
Is Ray C Mckinley Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ray C Mckinley Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ray C Mckinley Family Foundation
Ray C Mckinley Family Foundation (EIN: 205604435) is a nonprofit organization based in Omaha, NE, classified under NTEE code T90. The organization reported total revenue of $2.1M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ray C Mckinley Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ray C Mckinley Family Foundation is a mid-size 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 54.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $272K |
| Surplus / Deficit | $-52,095 |
| Total Assets | $4.1M |
| Total Liabilities | $1 |
| Net Assets | $4.1M |
| Operating Margin | -23.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.1 months |
Financial Health Grade: B
In 2023, Ray C Mckinley Family Foundation reported a deficit of $52K with expenses exceeding revenue, holds 183.1 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), Ray C Mckinley Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 54.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -6.3% | -1.2% |
| 2022 | +3.6% | -5.4% | -0.7% |
| 2021 | +156.3% | +12.9% | -1.3% |
| 2020 | -94.4% | +16.2% | -3.9% |
| 2019 | +88895.4% | +2899.5% | +7112.1% |
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 Ray C Mckinley Family Foundation with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ray C Mckinley Family 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Ray C Mckinley Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years (2020-2023), drawing down assets.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Ray C Mckinley Family Foundation:
- Substantial asset base (over $4 million in recent years) provides financial stability.
- No reported officer compensation, indicating low executive overhead.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
- Very low liabilities ($1 in recent years) indicates minimal debt burden.
Frequently Asked Questions about Ray C Mckinley Family Foundation
Is Ray C Mckinley Family Foundation a legitimate charity?
Ray C Mckinley Family Foundation (EIN: 205604435) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Ray C Mckinley Family Foundation spend its money?
Ray C Mckinley Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ray C Mckinley Family Foundation tax-deductible?
Ray C Mckinley Family Foundation is registered as a tax-exempt nonprofit (EIN: 205604435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ray C Mckinley Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ray C Mckinley Family Foundation is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ray C Mckinley Family Foundation located?
Ray C Mckinley Family Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 205604435. It is classified under NTEE code T90.
How many years of IRS 990 filings does Ray C Mckinley Family Foundation have?
Ray C Mckinley Family 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 $2.1M in total revenue.
Is the Ray C McKinley Family Foundation a good charity?
The Ray C McKinley Family Foundation appears to be a legitimate grant-making organization with a substantial asset base. Its consistent reporting and lack of officer compensation are positive indicators. However, its recent trend of spending more than its annual revenue means it is drawing down its assets, which could impact its long-term sustainability if not managed strategically.
Why is the foundation spending more than its revenue?
In the periods from 2020 to 2023, the foundation's expenses consistently exceeded its revenue. For instance, in 2023, revenue was $219,413 while expenses were $271,508. This suggests the foundation is utilizing its accumulated assets or endowment to fund its grant-making activities, rather than relying solely on current year contributions.
What is the long-term financial outlook given the spending trend?
While the foundation has a significant asset base (over $4 million in recent years), the continuous trend of expenses exceeding revenue will gradually deplete these assets. If this trend continues without a corresponding increase in revenue or reduction in expenses, the foundation's capacity for future grant-making will diminish over time.
Filing History
IRS 990 filing history for Ray C Mckinley Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ray C Mckinley Family Foundation's revenue has grown by 17973.6%, moving from $1K to $219K. Total assets increased by 5306.8% over the same period, from $77K to $4.1M. Total functional expenses rose by 5021.8%, from $5K to $272K. In its most recent filing year (2023), Ray C Mckinley Family Foundation reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $272K | $4.1M | $1 | — | View 990 |
| 2022 | $259K | $290K | $4.2M | $1 | — | View 990 |
| 2021 | $250K | $306K | $4.2M | $1 | — | — |
| 2020 | $98K | $271K | $4.3M | $1 | — | View 990 |
| 2019 | $1.8M | $233K | $4.5M | $0 | — | View 990 |
| 2015 | $2K | $8K | $62K | $0 | — | View 990 |
| 2014 | $1K | $6K | $68K | $0 | — | View 990 |
| 2013 | $1K | $4K | $72K | $0 | — | View 990 |
| 2012 | $2K | $4K | $74K | $0 | — | View 990 |
| 2011 | $1K | $5K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $272K, and assets of $4.1M (revenue -15.3% year-over-year).
- 2022: Revenue of $259K, expenses of $290K, and assets of $4.2M (revenue +3.6% year-over-year).
- 2021: Revenue of $250K, expenses of $306K, and assets of $4.2M (revenue +156.3% year-over-year).
- 2020: Revenue of $98K, expenses of $271K, and assets of $4.3M (revenue -94.4% year-over-year).
- 2019: Revenue of $1.8M, expenses of $233K, and assets of $4.5M (revenue +88895.4% year-over-year).
- 2015: Revenue of $2K, expenses of $8K, and assets of $62K (revenue +32.5% year-over-year).
- 2014: Revenue of $1K, expenses of $6K, and assets of $68K (revenue +24.3% year-over-year).
- 2013: Revenue of $1K, expenses of $4K, and assets of $72K (revenue -40.2% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $74K (revenue +64.9% year-over-year).
- 2011: Revenue of $1K, expenses of $5K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ray C Mckinley Family Foundation:
Data Sources and Methodology
This transparency report for Ray C Mckinley Family 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.