Mckesson Foundation L-1635
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Mckesson Foundation L-1635 is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 1960, with $968,554 in FY2024 revenue. CharityIndex grades it B.
500 1st Ave, Pittsburgh, PA, 15219 EIN 34-6518820 Since 1960
Revenue (FY2024)
$969K
▲ 2.5% vs prior year
Expenses (FY2024)
$796K
Net assets
$13.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Mckesson Foundation L-1635— 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 rating208 mo reserves · +18% 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 Mckesson Foundation L-1635: 208 mo reserves · +18% 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 Mckesson Foundation L-1635— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Mckesson Foundation L-1635: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 500 1st Ave, Pittsburgh, PA, 15219
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $406K (FY2013) to $969K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $13.8M
Operating margin
17.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.8M
Total liabilities
$0
Net assets
$13.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $968,554▲2.5% | $796,461▼4.2% | $13,828,721▲1.2% | $13,828,721▲1.2% | 990PF |
| 2023 | $945,140▲577% | $831,153▼11.1% | $13,664,432▲1.0% | $13,664,432▲1.0% | 990PF |
| 2022 | $139,691▼89.5% | $934,432▲11.5% | $13,528,694▼5.7% | $13,528,694▼5.7% | 990PF |
| 2021 | $1,332,859▲3278% | $838,099▲0.6% | $14,343,323▲3.5% | $14,343,323▲3.5% | 990PF |
| 2020 | -$41,935▼103% | $833,275▼4.9% | $13,860,872▼6.1% | $13,860,872▼6.1% | 990PF |
| 2019 | $1,477,341▲37.4% | $875,761▼4.1% | $14,759,091▲4.3% | $14,759,091▲4.3% | 990PF |
| 2018 | $1,075,114▼81.8% | $913,526▲23.4% | $14,151,835▲1.2% | $14,151,835▲1.2% | 990PF |
| 2017 | $5,905,441▲1082% | $740,506▼0.5% | $13,987,725▲58.5% | $13,987,725▲58.5% | 990PF |
| 2016 | $499,817▼5.9% | $743,956▲12.0% | $8,823,614▼2.7% | $8,823,614▼2.7% | 990PF |
| 2015 | $531,373▲23.0% | $664,267▼7.5% | $9,071,365▼1.4% | $9,071,365▼1.4% | 990PF |
| 2014 | $431,840▲6.3% | $718,019▲14.6% | $9,204,260▼3.0% | $9,204,260▼3.0% | 990PF |
| 2013 | $406,370 | $626,347▼4.7% | $9,490,442▼2.3% | $9,490,442▼2.3% | 990PF |
| 2012 | — | $657,479▲10.2% | $9,710,419▼2.4% | $9,710,419▼2.4% | 990PF |
| 2011 | — | $596,737▲8.4% | $9,946,961▼1.3% | $9,946,961▼1.3% | 990PF |
| 2010 | — | $550,641 | $10,073,720 | $10,073,720 | 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 Mckesson Foundation L-1635 a legitimate nonprofit?
- Yes. Mckesson Foundation L-1635 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6518820, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Mckesson Foundation L-1635's EIN?
- Mckesson Foundation L-1635's Employer Identification Number (EIN) is 34-6518820.
- How much revenue does Mckesson Foundation L-1635 report?
- Mckesson Foundation L-1635 reported $968,554 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mckesson Foundation L-1635 have?
- CharityIndex grades Mckesson Foundation L-1635 B, based on financial health (reserves and operating margin).
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Data for Mckesson Foundation L-1635 (EIN 34-6518820) 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.