C Jean and Myles Mcdonough Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
C Jean and Myles Mcdonough Charitable Foundation is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1988, with $16,668,976 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1024, Worcester, MA, 01613 EIN 04-2947391 Since 1988
Revenue (FY2024)
$16.7M
▲ 1195.5% vs prior year
Expenses (FY2024)
$1.5M
Net assets
$18.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for C Jean and Myles Mcdonough Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating145 mo reserves · +91% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For C Jean and Myles Mcdonough Charitable Foundation: 145 mo reserves · +91% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for C Jean and Myles Mcdonough Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For C Jean and Myles Mcdonough Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1024, Worcester, MA, 01613
- City
- Worcester
- State
- Massachusetts
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $1.5M (FY2014) to $16.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $18.6M
Operating margin
90.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$18.6M
Total liabilities
$0
Net assets
$18.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $16,668,976▲1196% | $1,538,636▼38.5% | $18,640,405▲431% | $18,640,405▲431% | 990PF |
| 2023 | $1,286,647▲1283% | $2,501,332▼1.3% | $3,510,065▼25.7% | $3,510,065▼25.7% | 990PF |
| 2022 | $93,023▼98.8% | $2,534,410▲153% | $4,724,750▼34.1% | $4,724,750▼34.1% | 990PF |
| 2021 | $7,870,713▲462% | $1,002,498▼37.6% | $7,166,137▲2305% | $7,166,137▲2305% | 990PF |
| 2020 | $1,401,632▼7.9% | $1,607,637▲3.2% | $297,922▼40.9% | $297,922▼40.9% | 990PF |
| 2019 | $1,522,372▼62.4% | $1,557,769▼61.9% | $503,927▼6.6% | $503,927▼6.6% | 990PF |
| 2018 | $4,045,475▲17.1% | $4,084,682▲14.1% | $539,324▼4.0% | $539,324▼4.0% | 990PF |
| 2017 | $3,453,827▼21.7% | $3,578,523▼20.2% | $561,614▼18.2% | $561,614▼18.2% | 990PF |
| 2016 | $4,411,883▼3.6% | $4,484,904▼3.3% | $686,310▼9.6% | $686,310▼9.6% | 990PF |
| 2015 | $4,578,130▲203% | $4,639,766▲201% | $759,331▼7.5% | $759,331▼7.5% | 990PF |
| 2014 | $1,511,416 | $1,539,340 | $820,967 | $820,967 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is C Jean and Myles Mcdonough Charitable Foundation a legitimate nonprofit?
- Yes. C Jean and Myles Mcdonough Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2947391, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is C Jean and Myles Mcdonough Charitable Foundation's EIN?
- C Jean and Myles Mcdonough Charitable Foundation's Employer Identification Number (EIN) is 04-2947391.
- How much revenue does C Jean and Myles Mcdonough Charitable Foundation report?
- C Jean and Myles Mcdonough Charitable Foundation reported $16,668,976 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does C Jean and Myles Mcdonough Charitable Foundation have?
- CharityIndex grades C Jean and Myles Mcdonough Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for C Jean and Myles Mcdonough Charitable Foundation (EIN 04-2947391) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.