Mcmahon-parater Scholarship Foundation is a 501(c)(3) organization based in Richmond, Virginia, registered in 2008, with $5,773,290 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$5.8M
▼ 4.9% vs prior year
Religion median: $139K
Expenses (FY2024)
$6.6M
Net assets
$5.1M
Employees
—
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 Mcmahon-parater Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Mcmahon-parater Scholarship Foundation: 9 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
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 Mcmahon-parater Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Mcmahon-parater Scholarship Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.7M (FY2013) to $5.8M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
-14.8%
Spent more than it raised in the latest fiscal year.
Total assets
$5.2M
Total liabilities
$42K
Net assets
$5.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,773,290▼4.9% | $6,629,652▼36.7% | $5,109,098▼14.3% | $5,151,301▼17.5% | 990 |
| 2023 | $6,073,594▼61.8% | $10,475,116▼4.8% | $5,960,093▼42.0% | $6,240,539▼41.2% | 990 |
| 2022 | $15,894,920▲117% | $11,000,815▲93.9% | $10,281,840▲92.1% | $10,612,071▲94.0% | 990 |
| 2021 | $7,331,353▲28.4% | $5,673,391▲23.0% | $5,352,775▲40.6% | $5,471,128▲42.6% | 990 |
| 2020 | $5,710,475▲29.6% | $4,611,836▼16.6% | $3,807,758▲40.5% | $3,836,574▲38.7% | 990 |
| 2019 | $4,404,749▼16.9% | $5,531,128▼8.0% | $2,710,389▼29.4% | $2,765,631▼35.5% | 990 |
| 2018 | $5,299,246▼4.9% | $6,008,869▲24.7% | $3,839,062▼15.5% | $4,288,639▼7.8% | 990 |
| 2017 | $5,571,428▲1.0% | $4,817,859▲92.4% | $4,542,440▼65.1% | $4,649,685▼64.8% | 990 |
| 2015 | $5,514,605▲22.4% | $2,503,700▲47.7% | $13,018,804▲26.3% | $13,213,548▲26.4% | 990 |
| 2014 | $4,504,600▲166% | $1,695,618▲28.0% | $10,306,527▲39.1% | $10,450,944▲39.7% | 990 |
| 2013 | $1,693,504 | $1,325,129▲586% | $7,410,708▲13.3% | $7,480,586▲14.3% | 990 |
| 2012 | — | $193,070▲155% | $6,542,031▲30.2% | $6,542,031▲29.9% | 990 |
| 2011 | — | $75,611▼66.7% | $5,024,525▲8.3% | $5,034,525▲4.9% | 990 |
| 2010 | — | $227,328▲13.9% | $4,641,538▲15.1% | $4,798,588▲13.8% | 990 |
| 2009 | — | $199,670 | $4,030,959 | $4,216,159 | 990 |
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.
3 grants to Mcmahon-parater Scholarship Foundation totaling $65K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $6,743 |
| Charities Aid Foundation America | Charitable donation | 2021 | $8,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $50,000 |
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Data for Mcmahon-parater Scholarship Foundation (EIN 26-1830477) 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.