Ronald Mcdonald House Of Charlotte Inc
Ronald McDonald House of Charlotte Inc. shows consistent asset growth and zero reported officer compensation over the past decade.
EIN: 204671570 · Charlotte, NC · NTEE: P61 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $13.5M |
| Transparency Score | 90/100 |
Is Ronald Mcdonald House Of Charlotte Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ronald Mcdonald House Of Charlotte Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ronald Mcdonald House Of Charlotte Inc
Ronald Mcdonald House Of Charlotte Inc (EIN: 204671570) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P61. The organization reported total revenue of $3.6M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ronald Mcdonald House Of Charlotte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ronald Mcdonald House Of Charlotte Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$464K |
| Total Assets | $13.6M |
| Total Liabilities | $158K |
| Net Assets | $13.5M |
| Operating Margin | 16.8% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 71.3 months |
Financial Health Grade: A
In 2023, Ronald Mcdonald House Of Charlotte Inc reported a surplus of $464K with revenue exceeding expenses, holds 71.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ronald Mcdonald House Of Charlotte Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.1% | +15.4% | +4.6% |
| 2022 | -21.9% | -0.5% | -2.6% |
| 2021 | +51.9% | +8.1% | +6.7% |
| 2020 | +8.3% | +3.2% | -0.3% |
| 2019 | -1.3% | +14.2% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Ronald Mcdonald House Of Charlotte Inc 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: 80%
- fundraising: 10%
According to IRS 990 filings, Ronald Mcdonald House Of Charlotte Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $464K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with assets exceeding $13 million and annual revenues in the millions, suggesting either volunteer leadership or compensation is covered by an affiliated entity, which warrants further investigation for complete transparency.
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 Ronald Mcdonald House Of Charlotte Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may indicate compensation is paid by an external entity, potentially obscuring the true cost of leadership.
Strengths
The following positive indicators were identified for Ronald Mcdonald House Of Charlotte Inc:
- Consistent growth in assets, from $11,326,420 in 2014 to $13,613,695 in 2023, demonstrating strong financial stability.
- Low liabilities relative to assets, indicating minimal financial risk and strong balance sheet health.
- Positive trend in revenue, with significant increases over the past decade, suggesting strong fundraising and community support.
- Expenses generally remain below revenue, allowing for consistent net asset accumulation.
- Reported 0% officer compensation across all filings, indicating a strong commitment to directing funds towards programmatic activities.
Frequently Asked Questions about Ronald Mcdonald House Of Charlotte Inc
Is Ronald Mcdonald House Of Charlotte Inc a legitimate charity?
Ronald Mcdonald House Of Charlotte Inc (EIN: 204671570) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Ronald Mcdonald House Of Charlotte Inc spend its money?
Ronald Mcdonald House Of Charlotte Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ronald Mcdonald House Of Charlotte Inc tax-deductible?
Ronald Mcdonald House Of Charlotte Inc is registered as a tax-exempt nonprofit (EIN: 204671570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ronald Mcdonald House Of Charlotte Inc CEO make?
Ronald Mcdonald House Of Charlotte Inc's highest-compensated officer earns $13 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ronald Mcdonald House Of Charlotte Inc's spending goes to programs?
Ronald Mcdonald House Of Charlotte Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ronald Mcdonald House Of Charlotte Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ronald Mcdonald House Of Charlotte Inc is above average for NTEE category P61 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ronald Mcdonald House Of Charlotte Inc located?
Ronald Mcdonald House Of Charlotte Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 204671570. It is classified under NTEE code P61.
How many years of IRS 990 filings does Ronald Mcdonald House Of Charlotte Inc have?
Ronald Mcdonald House Of Charlotte Inc has 13 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 $3.6M in total revenue.
Is Ronald McDonald House of Charlotte Inc. a good charity?
Based on the available financial data, the organization appears to be a good charity. It demonstrates strong financial health with consistent asset growth, low liabilities, and a positive revenue trend. The reported 0% officer compensation is a significant positive indicator of resource allocation towards its mission.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade. Assets have grown from $11,326,420 in 2014 to $13,613,695 in 2023, and revenue has increased from $1,333,357 to $2,754,845 in the same period, indicating strong growth and stability.
What is the trend in revenue and expenses?
Revenue has shown a general upward trend, increasing from $1,333,357 in 2014 to $2,754,845 in 2023. Expenses have also increased but generally remained below revenue, allowing for consistent net asset growth. For example, in 2023, revenue was $2,754,845 against expenses of $2,290,932.
Filing History
IRS 990 filing history for Ronald Mcdonald House Of Charlotte Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ronald Mcdonald House Of Charlotte Inc's revenue has grown by 5.7%, moving from $2.6M to $2.8M. Total assets decreased by 5.5% over the same period, from $14.4M to $13.6M. Total functional expenses rose by 47.5%, from $1.6M to $2.3M. In its most recent filing year (2023), Ronald Mcdonald House Of Charlotte Inc reported a surplus of $464K, with revenue exceeding expenses. The organization holds $158K in liabilities against $13.6M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $13.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.3M | $13.6M | $158K | — | — |
| 2022 | $2.0M | $2.0M | $13.0M | $155K | — | View 990 |
| 2021 | $2.6M | $2.0M | $13.4M | $212K | — | View 990 |
| 2020 | $1.7M | $1.8M | $12.5M | $117K | — | View 990 |
| 2019 | $1.6M | $1.8M | $12.6M | $138K | — | View 990 |
| 2018 | $1.6M | $1.6M | $12.6M | $117K | — | View 990 |
| 2017 | $1.8M | $1.4M | $12.7M | $147K | — | View 990 |
| 2016 | $1.5M | $1.4M | $12.2M | $90K | — | View 990 |
| 2015 | $2.2M | $1.5M | $12.1M | $84K | — | View 990 |
| 2014 | $1.3M | $1.5M | $11.3M | $115K | — | View 990 |
| 2013 | $1.2M | $1.4M | $12.0M | $634K | — | View 990 |
| 2012 | $1.1M | $1.3M | $13.3M | $1.7M | — | View 990 |
| 2011 | $2.6M | $1.6M | $14.4M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.3M, and assets of $13.6M (revenue +37.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $13.0M (revenue -21.9% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.0M, and assets of $13.4M (revenue +51.9% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $12.5M (revenue +8.3% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.8M, and assets of $12.6M (revenue -1.3% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $12.6M (revenue -10.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.4M, and assets of $12.7M (revenue +16.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $12.2M (revenue -31.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.5M, and assets of $12.1M (revenue +66.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.5M, and assets of $11.3M (revenue +13.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $12.0M (revenue +8.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.3M, and assets of $13.3M (revenue -58.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.6M, and assets of $14.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ronald Mcdonald House Of Charlotte Inc:
Data Sources and Methodology
This transparency report for Ronald Mcdonald House Of Charlotte 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.